ANNOUNCEMENT 12 Jun 2015

In June 2015, the government of China announced a change in private-sector financial support.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE



'2015'73
http://szs.mof.gov.cn/zhengwuxinxi/zhengcefabu/201506/t20150616_1256783.html


Inception date: 01 Jul 2015 | Removal date: open ended

Tax or social insurance relief

On 12 June 2015, the Ministry of Finance annouced Notice No. 73 of 2015, to promote the use of energy saving wall and ceiling products and materials. Starting from 1 July 2015, the locally produced wall and ceiling products, listed in the attachment of the notice, can benefit from a 50% VAT refund. 
 
Products eligible to VAT refund:

  • non-clay fired perforated brick
  • concrete perforated brick
  • fly ash perforated brick
  • fired perforated brick
  • normal concrete small hollow block
  • fired hollow block
  • light-weight aggregate concrete block
  • autoclaved aerated concrete block
  • gypsum block
  • fly ash aerated concrete block
  • Autoclaved aerated concrete slab
  • lightweight partition board
  • EPS board with metal network for exterior insulation and finish systems
  • gypsum board
  • glassfiber reinforced cement lightweight hollow panel for partition
  • metal skinned insulating panel

 
The GTA includes state guarantees and other financial incentives that are likely to affect the restructuring and performance of firms facing international competition, whether from imports, in export markets, and from foreign subsidiaries.
 

AFFECTED SECTORS

 
372 373 375 376 379

AFFECTED PRODUCTS

 
680221 680229 680291 680293 680421 680422 680423 680430 680510 680520 680530 680610 680620 680690 680710 680790 680919 681019 681091 681099 681140 681299 681320 681381 681389 681410 681490 681510 681599 690100 690210 690220 690290 690310 690320 690390 690410 690510 690590 690600 690790 690890 690911 690912 690919 691010 691090 691110 691200 691310 691410 691490
(+ 42 more)