ANNOUNCEMENT 21 Mar 2019
March 21st, 2019 - The Chinese government announced the expansion of a support policy.
NUMBER OF INTERVENTIONS
PRC State Taxation Administration, March 21st, 2019. (财关税〔2019〕12号 关于调整部分项目可享受返税政策进口天然气数量的通知)
On March 21st, 2019, the Chinese State Taxation Administration announced that a preferential tax rebate policy for certain firms importing LNG would be expanded thus:
Please see related acts for more information on this programme.
In March 2019, the Chinese government released Caiguanshui 2019/12, which announced the expansion of a preferential tax policy for certain importers of liquefied natural gas (LNG).
The enumerated firms are allocated a quota of tax-free imports under the scheme, which this announcement expanded (see other intervention for precise details).
This constitutes an increased firm-specific preferential tax policy for these firms.
The increase in quotas went into force retroactively, from January 2018.