DTT出口货物劳务增值税消费税政策英文版.pdf

Tax Issue P168/20 12 13 July 20 12 Tax Analysis Authors: PRC Tax Shanghai New guidance to streamline VAT Li Qun Gao Partner and Consumption Tax rules for Tel: +86 21 6141 1053 Email: ligao@ export of goods and services Guangzhou Yi Zhou Partner Summary Tel: +86 20 2831 1228 Email: j chow@ China s Ministry of Finance (MOF) and the State Administration of Taxation (SAT) have j ointly issued a tax circular, Notice of VAT and Consumption Tax Shanghai Policies for the Export of Goods and Services (Caishui [2012] No. 39, Circular Dolly Zhang 39), and the SAT has separately issued guidance (Bulletin [2012] No. 24, Senior Manager Bulletin 24) that summarizes the VAT and Consumption Tax (CT) Tel: +86 21 6141 1113 administrative policies for the export of goods and services. The two sets of Email: dozhang@ regulations generally became effective on 1 July 2012, although certain provisions apply retroactively as from 1 January 2011. For more information on the subje ct, While the main purpose of Circular 39 and Bulletin 24 is to streamline and please contact: consolidate previous regulations on the export VAT refund, the new rules contain significant changes, most of which