Recent Revisions to Export Tax Rebates

by Alberto Vettoretti, South China Regional Partner, Dezan Shira & Associates

On 15 September 2006, the central authorities issued “Circular 139” abolishing export tax rebates on coal, natural gas and some primary wood products, reducing rates for various metal and leather-processed products, and increasing the rates on some high-tech products and processed farm produce (see http://www.mof.gov.cn/news/20060914_1500_16609.htm for original announcement in Chinese). The policy intention is to reduce rebates on products consuming high amounts of energy and low-tech ones, to discourage such exports, and raise them on some high-tech products to encourage exports.

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This article included in China Briefing Magazine
December 2006: HANDLING YOUR ANNUAL AUDIT, LICENCE RENEWALS, COMPLIANCE & DIVIDEND DECLARATIONS	Other articles in this issue: Preferential Policies For Software and IT Companies Investing in Dalian by Adam Livermore, Senior Associate, Dezan Shira & Associates Preparing For Your Mandatory Annual Audit In China by Chris Devonshire-Ellis, Senior Partner, Dezan Shira & Associates