Circular of the Ministry of Finance and the State Administration of Taxation on Value-added Tax Policies Concerning the Operation of Waste Materials Recycling Business

Circular of the Ministry of Finance and the State Administration of Taxation on Value-added Tax Policies Concerning the Operation of Waste Materials Recycling Business

Cai Shui [2001] No. 78

April 29, 2001

The finance departments (bureaus) and the offices of the State Administration of Taxation at all provinces, autonomous regions, municipalities directly under the Central Government and cities specifically designated in the state plan, Financial Supervision Commissioner Office of the Ministry of Finance at all provinces, autonomous regions, municipalities directly under the Central Government and cities specifically designated in the state plan, and the financial bureau of Xinjiang Production and Construction Corp.,

Upon approval of the State Council, the value-added tax policies on the operation of waste materials recycling business engaged by taxpayers are hereby notified as follows:

Article 1 As of May 1, 2001, the value-added tax imposed on waste and old materials purchased by units engaged in waste materials recycling business (1) for sale shall be exempted.
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