Announcement
21 Apr 2014
On 21 April 2014, the Ministry of Finance issued Notice No. 8 to extend a similar notice published in 2011 (Notice No. 39 of that year) to provide conditional relief for selected domestic LNG companies. The meausre is announced to be in force until 2020.
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Number of interventions
2
1 certainly harmful
0 likely harmful
1 liberalising
List of interventions
Implementation date
01 Jan 2011
Revocation date:
29 Dec 2020
Updated: 21 Apr 2014
Tax or social insurance relief
According to the Notice, as long as the import price is higher than the local wholesale market price between 2011 and 2020, the imported liquefied natural gas for Central Asian Pipeline, Shanghai, Jia...
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Implementation date
01 Jan 2011
Revocation date:
29 Dec 2020
Updated: 21 Apr 2014
Import tariff
When import prices are above domestic wholesale prices, 11 enumerated Chinese importers will benefit from a VAT reduction to compensate for the difference.
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Related State Acts
21 Mar 2019
China: Increased quotas on natural gas imports for firms eligible for tax rebate
22 May 2018
China: New firm able to benefit from preferential natural gas import policy
14 Feb 2014
China: Import tax rebate on LNG extended to 3 companies
07 Nov 2013
China: Extended import tax rebate on liquefied natural gas
01 Aug 2011
China: New Import Tax Rebate on Liquefied Natural Gas
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