China’s Government Published a Notice on Increasing Export VAT Refund Rates

Posted by Matt Schmitt on 10/17/18 5:00 PM

On September 5, 2018, China Ministry of Finance (MOF) and State Administration of Taxation (SAT) jointly announced Notice No. 93 of 2018, the measure on increasing export VAT refund rates for certain goods exported from China. This includes mechanical and electrical products, books and newspapers. The measure entered into effect on Sep 15, 2018.

A total of 397 HS headings of exported goods are eligible for an increased export VAT refund rate  ranging from 9% to 16%, according to the attached commodity list.

 

Original Chinese notice may be found here:

http://szs.mof.gov.cn/zhengwuxinxi/zhengcefabu/201809/t20180905_3010310.html

Original Chinese Detailed commodity list may be found here:

http://szs.mof.gov.cn/zhengwuxinxi/zhengcefabu/201809/P020180905609053912764.xlsx

 Google translation for the notice:

https://translate.google.com/translate?hl=en&sl=zh-CN&tl=en&u=http%3A%2F%2Fszs.mof.gov.cn%2Fzhengwuxinxi%2Fzhengcefabu%2F201809%2Ft20180905_3010310.html

Google translation for the commodity list:

https://translate.googleusercontent.com/translate_c?depth=1&hl=en&rurl=translate.google.com&sl=zh-CN&sp=nmt4&tl=en&u=http://szs.mof.gov.cn/zhengwuxinxi/zhengcefabu/201809/P020180905609053912764.xlsx&xid=17259,15700019,15700124,15700149,15700186,15700190,15700201,15700214&usg=ALkJrhjj0jVMN1BVcvWQuEH-XXwZhIh_bw

Topics: China, Export, VAT

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