Jan. 18 – China’s State Administration of Taxation has issued a circular addressing tax rebates for export businesses.

Export companies with unsettled overpaid value-added-tax can still avail of lump-sum tax rebates under the provision concerning tax settlements for enterprises undertaking a new export business following the Circular of the State Administration of Taxation on Printing and Distributing and the Circular of the State Administration of Taxation on Implementing Tax-Rebates Clearance for Exported Goods in 2003.

For advice on corporate tax rebates contact Sabrina Zhang, the national tax partner for Dezan Shira & Associates at tax@dezshira.com.