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Global Trade Alert

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China: Additional 'super-input VAT credit' for integrated circuit enterprises

Description

On 20 April 2023, the Chinese Ministry of Finance and State Taxation Administration published Caishui 2023/17, announcing an additional 15% 'super-input VAT credit' for integrated circuit companies. T...

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Intervention Details

Intervention Type

Tax or social insurance relief

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

01 Jan 2023

Revocation date

31 Dec 2027

Implementation level

National

Affected flow

Inward

Announced as temporary

Yes

Eligible firms

all

Affected Trading Partners

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Affected Sectors

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Affected Products

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