Announcement on the Relevant Value-added Tax Policy for Supporting the Opening up of the Commodity Futures Market

Announcement on the Relevant Value-added Tax Policy for Supporting the Opening up of the Commodity Futures Market
Announcement on the Relevant Value-added Tax Policy for Supporting the Opening up of the Commodity Futures Market

Annoucement of the Ministry of Finance and the State Taxation Administration [2023] No. 21

August 17, 2023

To continue to support the opening-up of the commodity futures market, the related value-added tax policy is hereby announced as follows:

Value-added tax (“VAT”) shall be temporarily exempted for the bonded delivery of commodity futures products that have been approved by the State Council for opening-up.
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