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Adjustments of Export VAT Refund Rates

Tax Newsletter:January 29, 2015/China

China's Ministry of Finance (MOF) and the State Administration of Taxation (SAT) recently issued a circular (Caishui [2014] No. 150) that adjusts the export VAT refund rates for selected products as from 1 January 2015. The government last adjusted the export refund rates in 2010. (Tax Newsletter:January 29, 2015/China)

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China's Ministry of Finance (MOF) and the State Administration of Taxation (SAT) recently issued a circular (Caishui [2014] No. 150) that adjusts the export VAT refund rates for selected products as from 1 January 2015. The government last adjusted the export refund rates in 2010.

Circular 150 increases and reduces some export VAT refund rates and cancels others.

 

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