Circular of the State Administration of Taxation on Clarifying Several Policies on Export Tax Rebates

Circular of the State Administration of Taxation on Clarifying Several Policies on Export Tax Rebates

Guo Shui Han Fa [1998] No.720

December 3, 1998

Provinces autonomous region, municipality directly under the central government and cities under separate state planning state tax bureau:

Recently, some issues occurring during the execution of the policy of export taxation refund has be reported by relevant regions, after investigation, the following should be clarified:

I. The formula (exempted or offset tax = offshore price of export goods * quote price of foreign exchange to RMB * refund rate - refund fulfilled) listed in Article 1 of the Circular on Budget Management Concerning Tax Exemption, Offsetting and Refund(CaiYuZi [1998] No.242) promulgated by the Ministry of Finance, the State Administration of Taxation and the People's Bank of China and in Article 4 of the Circular of the Ministry of Finance and the State Taxation Administration on Tax Exemption, Offsetting and Refund for Export Goods of Productive Enterprises Entitled to Foreign Business(CaiShuiZi [1997] No.50), only applies to export goods manufactured with domestic materials or parts.
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