ANNOUNCEMENT 17 Nov 2008
In November2008, the government of China announced a change in the tax legislation for exporters.
NUMBER OF INTERVENTIONS
MOF Notice NO 2008 (144). 关于提高劳动密集型产品等商品增值税出口退税率的通知. 财税〔2008〕144号. Avaliable at
Effective 1 December 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 17 percent.