ANNOUNCEMENT 19 Aug 2016

On 19 August 2016, the Chinese Ministry of Finance announced the implementation of an export VAT rebate for processed corn products.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE

Ministry of Finance of the PRC, 19th August 2016. (关于恢复玉米深加工产品出口退税率的通知)
http://szs.mof.gov.cn/zhengwuxinxi/zhengcefabu/201608/t20160823_2399393.html

Inception date: 01 Sep 2016 | Removal date: open ended

Tax-based export incentive

In its decision, the Ministry of Finance set the new export VAT rebate at 13%. The rebate is effective from the beginning of September 2016 and applies to ethanol produced from corn among other corn-based products.