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With effective from
July 1st 2007, the Ministry of Finance ("MOF") and State
Administration of Taxation ("SAT") jointly introduces
significant changes on export VAT refund rates on merchandise listed
below:
| 1.
Withdrawal of export VAT refund |
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1.1）Endangered
animals, flora and its products; |
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1.2)
Salt, solvents, cement, propane, liquefied, other liquefied
petroleum gases and other mineral substances; |
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1.3)
Some fertilizers (except urea and diammonium hydrogenorthophosphate
which are exempted items already.); |
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1.4)
Chlorine, dyes and other chemical products (not including refined
chemical products);
1.5) Metal carbide and activated carbon products;
1.6) Leather;
1.7) Certain lumber and one-time-use wooden products;
1.8) General tube welding products (except oil or gas pipelines);
1.9) Unalloyed aluminum poles and other non-ferrous metal processed
goods;
1.10) Segmented ships and non-mechanical boats |
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For
details of applicable tariff codes and tax ordinance, please
refer to circular issued by Tax Bureau and China Custom. |
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| 2.
Reduction of export VAT refund rates |
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The
VAT export refund rate has been reduced in different ranges
for 15 major groups of export commodities including furniture
and clothing. For details of applicable tariff (HS) codes and
tax ordinance, please refer to circular announced by Tax Bureau
and China Custom. |
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| 3.
VAT exempted merchandise |
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Products
are: Peanut kernels, oil paintings, engraved plaques, postage
and revenue stamps. For details of applicable tariff codes and
tax ordinance, please refer to circular issued by Tax Bureau
China Custom. |
All above refund rates
changes are effective from 1 July 2007, using the export date listed
on the "Customs Declaration Form (Export Rebate Only)"
as the date of reference.
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