About HKTDC | Media Room | Contact HKTDC | Wish List Wish List () | My HKTDC |
繁體 简体
Save As PDF Print this page

China Confirms Extension of Recycled Oil Tax Exemption Initiative

The tax relief on recycled mineral oil products is to be extended until 2023.

The move was announced in a recently-issued circular detailing the consumption tax exemption on products recycled from waste mineral oil (Cai Shui No. 105 [2013]). In order to further promote environmental protection and the comprehensive use of resources, the Ministry of Finance and the State Administration of Taxation extended the policy, which has been in force since 2013, for a further five years (from 1 November 2018 to 31 October 2023).

Taxpayers may now apply for a refund if any related consumption tax payment was made prior to the implementation of the extension.

For further details (in Chinese), please access the following link:

Circular on Extending the Implementation of the Consumption Tax Exemption Policy for Oil Products Recycled from Waste Mineral Oil (Cai Shui No. 144 [2018])

Content provided by Picture: HKTDC Research
Comments (0)
Shows local time in Hong Kong (GMT+8 hours)

HKTDC welcomes your views. Please stay on topic and be respectful of other readers.
Review our Comment Policy

*Add a comment (up to 5,000 characters)