ANNOUNCEMENT 22 Jun 2010

In June 2010, the government of China announced a change in the tax legislation for exporters.

NUMBER OF INTERVENTIONS

1

  • 0 harmful
  • 0 neutral
  • 1 liberalising

SOURCE

Chinese State Administration of Taxation. 财政部 国家税务总局, 关于取消部分商品出口退税的通知, 财税[2010]57号:
http://www.chinatax.gov.cn/2013/n2226/n2271/n2272/c134957/content.html

Inception date: 15 Jul 2010 | Removal date: open ended
Still in force

Tax-based export incentive

On 22 June 2010, the Ministry of Finance issued the Notice No. 57 of 2010. Starting from 15 July 2010, VAT rebate on 406 exported products (defined at the 10 or 12 digit level) will be canceled. These products include some steels, silver powder, alcohol, corn starch, and some plastic products.