ANNOUNCEMENT 12 Jun 2015In June 2015, the government of China announced a change in private-sector financial support.
NUMBER OF INTERVENTIONS
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:
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.