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Nov. 19 – As we reported last week, China recently moved to increase the value-added tax (VAT) refund rate on certain products including steel, grain, chemical goods and thousands of other goods as part of its efforts to quicken growth. The new VAT refund rates, effective Dec. 1, will cover some 3,770 types of exports, or about 28 percent of the country’s total exports.
Below we list several of the applicable rate changes:
The VAT refund rate for rubber tires and forest products made from fast-growing materials will increase from 5 to 9 percent.
The VAT refund rate for some metal stamping molds and glassware will increase from 5 to 11 percent.
The VAT refund rate for some types of frozen shrimp and crab will increase from 5 to 13 percent.
The VAT refund rate for bags, shoes, maps, umbrellas, bedding, and lights will increase from 11 to 13 percent;
The VAT refund rate for toothpaste and related chemical products, stone materials, aluminum boards and the related ferrous metal product will increased from 5 and 9 percent to 11 and 13 percent.
The VAT refund rate for some home appliances, motorbikes, agriculture pumps, and bicycles will increase from 9 to 13 percent, 11 to 13 percent and 13 to 14 percent.
A full list of the products affected and the applicable rate changes can be found here (in Chinese).
Dear Sir,
Is it possible to send me the list of items with VAT refund rate increased ? I have a Chinese version but I could not understand some of the item. I would appreciate if you could send me an English version. Thank you very much.
Fenny Chow
Can you send me an English version of the changes to VAT refunds?
Dear Sir,
Is it possible to send me the list of items with VAT refund rate increased ? I would appreciate if you could send me an English version. Thank you very much.
manojruia
please let me know the english version of the changes in vat refunds and the custom tax.
specialy the galvanized iron wire and iron wire mesh.
Dear Ladies and Gentlemen,
I am very interested in getting the full information on how brass toilet bathroom accessories and kitchen and bathroom mixers developed in terms of the export tax refund. Can you please send me an english list?
Thank you so much
Detlef
Dear Sir,
Please let me have an english version of the list or
an information where this is available.
Thank you.
Michael
Dear readers,
At this time, China Briefing does not have an English version of the affected products.