Circular of the Ministry of Finance and the State Administration of Taxation on Abolishing the Taxation Policies on Steels Processed and Exported for Special Purposes
Circular of the Ministry of Finance and the State Administration of Taxation on Abolishing the Taxation Policies on Steels Processed and Exported for Special Purposes
Circular of the Ministry of Finance and the State Administration of Taxation on Abolishing the Taxation Policies on Steels Processed and Exported for Special Purposes
Cai Shui [2005] No.105
June 15, 2005
To the department (or bureaus) of finance in all the provinces, autonomous regions, municipalities directly under the jurisdiction of the Central Government, and the cities specifically designated in the state plan as well as the State Administration of Taxation and the financial bureau of Xinjiang Production and Construction Corporations:
Upon approval by the State Council, the existing taxation policies regarding steels processed and exported for special purposes shall be abolished. The relevant matters are hereby clarified as follows:
Article 1 As of July 1, 2005, the documents listed below shall be abolished:
(I) Circular on Tax-refunds for Domestic Steel Sold in the Tax-reserving Zones Replacing Imported Steel for Listed Enterprises (Cai Shui Zi [1998] No.53).
(II) Complementary Circular of the Ministry of Finance, the State Economy and Trade Commission, the State Administration of Taxation, and the General Administration of Customs on Modifying the Substitution Measures for Steel Production (Cai Shui Zi [1999] No.34).
(III) Circular of the State Economy and Trade Commission, the Ministry of Finance, the State Administration of Taxation, and the General Administration of Customs on the Substitution Measures for Steel Production (MFOTEC Trade [1999] No.144).
(IV) Circular of the State Administration of Taxation, the State Economy and Trade Commission, the Ministry of Finance, the General Administration of Customs, and the State Administration of Foreign Exchange on the Distribution of the 'the Detailed Implementing Rules on Modifying the Substitution Measures for Steel Production (Guo Shui Fa [1999] No.68).
(V) Circular of the State Economy and Trade Commission, the Ministry of Finance, the State Administration of Taxation, and the General Administration of Customs on Issues Relating to Adjusting the Substitution Measures for Steel Production (MFOTEC Trade [2002] No.381).
(VI) Circular of Ministry of Finance and the State Administration of Taxation on Tax-refunds for Listed Enterprises on Steels Processed and Exported for Special Purposes (Cai Shui [2004] No.15).
(VII) Circular of the Ministry of Finance and the Ministry of Business on Issues Relating to Ensuring the List of Tax-refunds on Steels Processed and Exported for Special Purpose Enterprises (Cai Shui [2004] No.102).
Article 2 Value-added tax shall be levied and an invoice for the value-added tax shall be issued on domestic steel sold by listed enterprises to the processing and exporting enterprises producing exporting products for special purposes in accordance with the law and no offset shall be available from that date on.
Article 3 The known plan for the duty exemption on processing and exporting steels for special purposes in 2005 shall be reissued after being adjusted by the State Administration of Taxation.
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