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Global Trade Alert

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China: Increased VAT rebates for food, textiles, wood products, metals, chemicals and machinery

Description

Effective 1 December 2008, the government of China raised the Value Added Tax(VAT) rebates for designated exports. Exporters of the benefiting products may recuperate up to 80 percent of the VAT incl...

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Intervention Details

Intervention Type

Tax-based export incentive

MAST Chapter

P: Export-related measures (incl. subsidies)

Implementation date

01 Dec 2008

Revocation date

No revocation date

Implementation level

National

Affected flow

Outward subsidy

Announced as temporary

No

Eligible firms

all

Affected Trading Partners

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Affected Sectors

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Affected Products

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