ANNOUNCEMENT 01 Nov 2008
In November 2008, the government of China announced a change in the tax legislation for exporters.
NUMBER OF INTERVENTIONS
MOF Notice 2008. 财政部 国家税务总局, 关于提高部分商品出口退税率的通知, 财税〔2008〕138号.
On 1 November 2008, the government of China raised the Value Added Tax (VAT) rebates for designated exports. Exporters of the benefiting products may recuperate up to 80 percent of the VAT included in intermediate products.
The general VAT in China is equal to 17 percent.