Ministry of Finance and State Administration of Taxation, Several Specific Issues Concerning Export Tax Rebates (Exemptions) Circular

Issued: July 10 2004
Effective: Jan 1 2004 except for Item One

Main contents: The phrase "purchase of domestically manufactured equipment by foreign-invested enterprises that meet tax rebate requirements" stipulated in Article 4 of the Ministry of Finance and State Administration of Taxation, Adjustment to Export Tax Rebate Rates Supplementary Circular refers to tax rebates granted to the purchase of domestically manufactured equipment by:

(1) foreign-invested enterprises approved on or before March 31 2002 whose investment projects are in compliance with the Foreign Investment Industrial Guidance Catalogue (the encouraged category or type B of the restricted category) as stipulated in the State Council, The Adjustment of Tax Policies on Imported Equipment Circular; or
(2) foreign-invested enterprises approved on or after April 1 2002 whose investment projects are in compliance with the catalogue of industries in which foreign investment is encouraged within the Foreign Investment Industrial Guidance Catalogue jointly promulgated by the former State Development Planning Commission, the former State Economic and Trade Commission and the former Ministry of Foreign Trade and Economic Cooperation.