Commercial Information Circulars
24-hour hotline : 23 922 922
e-mail address : enquiry@tid.gov.hk
Ref : EIC 631/2/7
EIC 631/2/7/1
30 December 2008
Dear Sirs,
Commercial Information Circular No. 663/2008
The Mainland of China : Notice Concerning Cessation of the Tax Refund Policy
for Purchases of Mainland-made Equipment by Foreign-invested Enterprises
The Ministry of Finance and the State Administration of Taxation have recently issued a notice announcing that, to coordinate with the national value-added tax transformation and reform, the full refund policy of value-added tax for purchases of Mainland-made equipment by foreign-invested enterprises within their investment amount will cease to be implemented with effect from 1 January 2009. Subject to the fulfilment of relevant conditions, the value-added tax refund policy may continue to be implemented for Mainland-made equipment purchased by foreign-invested enterprises on or before 30 June 2009. A copy of the notice is attached at Annex (pdf format) for reference.
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For details of the "Provisional Regulations on Value-added Tax of the People's Republic of China" and its implementation rules, please refer to CIC No. 566/2008 dated 17 November 2008 and CIC No. 647/2008 dated 18 December 2008 respectively.
ENQUIRIES
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If you have any questions on the content of this circular, please contact Ms. Eugenia CHAN at 2398 5444.
Yours faithfully,
(Miss Meea WONG)
for Director-General of Trade and Industry
| Note : | While every effort is made to ensure the accuracy of the above information, the Department cannot guarantee this to be so and will not be held liable for any reliance placed on the same. |