Ministry of Finance and State Administration of Taxation, Circular on the Termination of the Tax Rebate Policy for Purchase of Domestically-manufactured Equipment by Foreign-invested Enterprises

财政部、国家税务总局关于停止外商投资企业购买国产设备退税政策的通知

No more full rebate of VAT to foreign-invested enterprises.

By clpstaff | clp articles |

Issued: December 25 2008

Main Contents: Beginning from January 1 2009, the policy of full-amount rebate of value-added tax for purchase of domestically-manufactured equipment by foreign-invested enterprises up to their investment amount shall cease to apply (Article 1).

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