Administrative Issues concerning Cancellation of Examination and Approval of Recognition of Tax Refund Qualification of Ethylene and Arene Manufacturing Companies Specified
Recently, the State Administration of Taxation has issued the Announcement of the State Administration of Taxation on Administrative Issues concerning the Cancellation of the Examination and Approval of the Recognition of Tax Refund Qualifications of Ethylene and Arene Manufacturing Companies (the "Announcement"), for implementation as of August 1, 2015.
The Announcement specifies that, for tax payers enjoying preferential policy on refund (exemption) of consumption tax for naphtha and fuel oil used for production of ethylene and aromatic, their qualifications for refund (exemption) of consumption tax shall be subject to concurrent record-filing instead of ex ante examination and approval: 1. when applying for tax refund for the first time, tax payers shall submit record-filing documents on qualification and other tax return documents to the competent tax authorities within the tax return period in the current month; 2. where matters on qualification record-filling change, tax payers shall handle alteration procedures of record-filing matters to the competent tax authorities within 30 days in accordance with provisions; 3. tax payers having got qualifications for refund (exemption) of consumer tax prior to the promulgation of the Announcement need not to handle procedures of qualification record-filing again.