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China: VAT exemption on local produced HIV/AIDS medicine

Description

On 14 December 2011, the Ministry of Finance annouced Notice No. 128 of 2011, canceling local VAT on 9 HIV/AIDS medicines, produced by 5 Chinese pharmaceutical in China. This policy is effective betwe...

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Intervention Details

Intervention Type

Tax or social insurance relief

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

01 Jan 2011

Revocation date

31 Dec 2015

Implementation level

National

Affected flow

Inward

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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