ANNOUNCEMENT 09 Dec 2014

In December 2014, 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 Jan 2015 | Removal date: open ended
Still in force

Tax-based export incentive

On 9 December 2014, the Ministry of Finance issued Notice No. 98 to include pearl-, gem- and some metal-based products to its VAT rebate policy.
 
Exported products containing 80% of the above-mentioned materials can now benefit from 5% of the VAT rebates. This new policy will be effective on 1 January 2015. 
 
Effected HS Codes: 71012290, 71022100, 71059000

AFFECTED SECTORS