Announcement
01 Aug 2011
On 1 August 2011, the Ministry of Finance issued Notice No. 39 of 2011 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: 01 Aug 2011
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, ...
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Implementation date
01 Jan 2011
Revocation date:
29 Dec 2020
Updated: 01 Aug 2011
Import incentive
When import prices are above domestic wholesale prices, 7 specified Chinese importers will benefit from a VAT reduction to compensate for the difference.
Refunds would be given proportional...
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