Global Trade Alert
Global Trade Alert

China: Adjustment to export VAT rebate policy

Announcement

22 Oct 2018

October 22nd, 2018 - The Chinese government announced a change in export VAT rebate policy

Source

PRC State Administration of Taxation, October 22nd, 2018. (财税〔2018〕123号 关于调整部分产品出口退税率的通知) http://www.chinatax.gov.cn/n810341/n810755/c3843788/content.html

Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

01 Nov 2018

Revocation date:

No revocation date

Announced: 22 Oct 2018
Tax-based export incentive In force
On October 22nd, 2018, the Chinese government announced that they would be increasing VAT rebate rates for certain export commodities in Caishui 2018/123. The adjustments were as follows: Increase to 16% for export VAT rebate rate for 234 products such as photo film, tempered glass etc.; Increase to 13% for 226 products such as carbon fibre, lubricant; Increase to 10% for 331 products, e.g. glass fibre, fired bricks, etc. The new rates went into effect from November 1st, 2018. The previo...

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Affected Sectors

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Affected Products

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