ANNOUNCEMENT 01 Dec 2008

In December 2008, the government of China announced a change in the tax legislation for exporters.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising
Inception date: 01 Dec 2008 | Removal date: open ended
Still in force

Tax-based export incentive

On 1 December 2008, the government of China raised the Value Added Tax(VAT) rebates for exports of watch components.
Exporters of the benefitingproducts may recuperate the full VAT included inintermediate products.
 
The general VAT in China is equal 17 percent.

AFFECTED SECTORS