State Administration of Taxation, Circular on Issues Relevant to Set-off of the Amount of Value-added Tax on Purchases in Connection with Imports of Taxpayers

国家税务总局关于纳税人进口货物增值税进项税额抵扣有关问题的通知

May 02, 2007 | BY

clpstaff &clp articles

Set-off of Value-added tax on purchases relating to imports clarified.

Clp Reference: 3220/07.03.22 Promulgated: 2007-03-22

Issued: March 22 2007

Main Contents: The lawful tax payment certificates obtained from customs by taxpayers for imports are the sole basis for calculating the amount of value-added tax on purchases. The price differential and the money returned or refunded from overseas suppliers shall not be transferred out as a tax amount on purchases.

Related Legislation: PRC Tentative Regulations on Value-added Tax (Revised), Nov 10 2008, CLP 2008 No.10 p.50

clp reference:3220/07.03.22
promulgated:2007-03-22

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