Announcement on VAT and Consumption Tax Policies for Export Business

Description of content:

In order to ensure smooth policy transition after the implementation of the "Value-Added Tax Law of the People's Republic of China" and the "Implementation Regulations of the Value-Added Tax Law of the People's Republic of China", and to continue the current system and practices, we hereby issue an announcement regarding the policies applicable to the refund (exemption) of value-added tax and consumption tax for exported goods and cross-border sales services, intangible assets, concerning the matters related to the exemption, reduction, refund or levy of value-added tax and consumption tax.