ANNOUNCEMENT 01 Jan 2009
In January 2009, the government of China announced a change in the tax legislation for exporters.
NUMBER OF INTERVENTIONS
PRC State Administration of Taxation, December 29th, 2008. (财税177号—关于提高部分机电产品出口退税率的通知)
On 1 January 2009, the government of China raised the Value Added Tax (VAT) rebates for exports of 553 product types (HS 10-digit level). Exporters of the benefiting products may recuperate up to 80 percent of the VAT included in intermediate products. A total of 161 products have been granted a full rebate of 100 percent.
The general VAT in China is equal 17 percent.