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China Raises Export VAT Rebate Rates for Processed Oil and Electronic and Mechanical Products

The Ministry of Finance (MOF) recently issued a circular on raising the country's export VAT rebate rates for a number of products. The rebate rates for cameras, video cameras, internal combustion engines, gasoline, aviation fuel and diesel oil, etc will be raised to17%, effective from 1 November 2016.

Details of the circular and the list of affected items in Chinese are available on the MOF’s website:

http://szs.mof.gov.cn/zhengwuxinxi/zhengcefabu/201611/t20161104_2451309.html

Content provided by Picture: HKTDC Research
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