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November 11, 2016
Abstract : China has increased value-added tax (VAT) export rebate rate for 418 products to 17 percent, according to a circular issued by the Ministry of Finance (MOF) and State Administration of Taxation on November 4.
BEIJING -- China has increased value-added tax (VAT) export rebate rate for 418 products to 17 percent, according to a circular issued by the Ministry of Finance (MOF) and State Administration of Taxation on November 4.
The move aims to promote the country's export and stabilize foreign trade situation.
The adjustment, which involves 418 product including camera, explosive motor, petroleum, jet fuel, diesel and electric toy train, has taken effect since November 1.
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