Commercial Information Circulars

24-hour hotline : 23 922 922

e-mail address : enquiry@tid.gov.hk

2 September 2010

Dear Sirs,

Commercial Information Circular No. 396/2010

The Mainland of China : Notice concerning Offsetting of Value-Added Tax for Project Operators Using Trust Fund Financing

The General Administration of Taxation has recently issued a notice concerning offsetting of value-added tax for project operators using trust fund financing, which will take effect on 1 October 2010. For details, please refer to a copy of the notice (available in Chinese only) at Appendix (pdf format).

2. 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

3. If you have any questions on the content of this circular, please contact Ms. Eugenia CHAN at 2398 5444.

Yours faithfully,

(Miss Angie KWOK)

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.