The State Administration of Taxation ("SAT") has released the Announcement on Issues concerning Tax Refunds (Exemption) Applicable to Enterprises Exporting Containers (the "Announcement"), clarifying issues concerning enterprises exporting containers that are subject to tax refunds (exemption), whereby foreign trade enterprises exporting containers shall be subject to the same tax refund policies that are applicable to manufacturing enterprises from 2014.
The Announcement provides that enterprises which deliver their newly-built containers for exportation to designated storage yards within the territory of China, obtain forms of goods declaration for exportation (for tax refunds for export), and are in compliance with other provisions on tax refunds (exemption) for export are allowed to go through their tax refund (exemption) formalities in accordance with the current provisions. In addition, the Announcement shall be applicable to newly-built containers that are exported in and after 2014 following the aforementioned approach.