Circular of the Ministry of Finance and the State Administration of Taxation on Printing and Distributing the Interim Measures for Expanding the Scope of Value-added Tax Deduction in Areas Severely Damaged by the Wenchuan Earthquake
Circular of the Ministry of Finance and the State Administration of Taxation on Printing and Distributing the Interim Measures for Expanding the Scope of Value-added Tax Deduction in Areas Severely Damaged by the Wenchuan Earthquake
Circular of the Ministry of Finance and the State Administration of Taxation on Printing and Distributing the Interim Measures for Expanding the Scope of Value-added Tax Deduction in Areas Severely Damaged by the Wenchuan Earthquake
Cai Shui [2008] No. 08
August 1, 2008
To the financial departments (bureaus) and state taxation bureaus of all provinces, autonomous regions, municipalities directly under the Central Government, and cities specifically designated in the state plan and the financial bureau of the Xingjian Production and Construction Corps:
In accordance with provisions relating to policy on expanding value-added tax deduction scope in areas severely damaged by the earthquake that are contained in the Opinions of the State Council on the Policies and Measures for Supporting the Recovery and Reconstruction after the Wenchuan Earthquake (Guo Fa [2008] No. 21) and the Circular of the Ministry of Finance, the General Administration of Customs and the State Administration of Taxation on Issues Relating to Supportive Tax Policy for the Recovery and Reconstruction Work after the Wenchuan Earthquake (Cai Shui [2008] No. 104), the Ministry of Finance and the State Administration of Taxation have formulated the Tentative Measures for Expanding the Scope of Value-added Tax Deduction in Areas Severely Damaged by the Wenchuan Earthquake. They are hereby issued to you for implementation.
Appendix: Circular of the Ministry of Finance and the State Administration of Taxation on Printing and Distributing the Interim Measures for Expanding the Scope of Value-added Tax Deduction in Areas Severely Damaged by the Wenchuan Earthquake
I. These Measures are formulated in accordance with relevant provisions of the Opinions of the State Council on the Policies and Measures for Supporting the Recovery and Reconstruction after the Wenchuan Earthquake (Guo Fa [2008] No. 21) and the Circular of the Ministry of Finance, the General Administration of Customs and the State Administration of Taxation on Issues Relating to Supportive Tax Policy for the Recovery and Reconstruction Work after the Wenchuan Earthquake ( Cai Shui [2008] No. 104).
II. These Measures shall apply to general taxpayers of value-added tax in areas severely damaged by the Wenchuan Earthquake (hereinafter referred to as the "taxpayers") but shall not apply to taxpayers that engage in specified industries the development of which is restricted by the State.
The specific scope of areas that are severely damaged by the earthquake and taxpayers that engage in the specified industries is set out in the appendix hereto.
III.
......