Recently, the Ministry of Finance ("MOF") and the State Administration of Taxation ("SAT") have jointly distributed the Circular on Extending the Implementation of the Consumption Tax Exemption Policy for Oil Products Refined from Waste Mineral Oil (the "Circular").
The Circular expressly states that, with a view to further promoting the integrated resource utilization and environmental protection, the Circular of the Ministry of Finance and the State Administration of Taxation on Exemption of Consumption Tax on Oil Products Refined from Waste Mineral Oil from (Cai Shui [2013] No.105) will remain valid for another five years, retrospectively from November 1, 2018 till October 31, 2023, upon approval of the State Council. The consumption tax that has been paid by taxpayers during the period between November 1, 2018 and the release of this Circular may be refunded, provided that requirements set out in the Circular are satisfied.