| Circular of the Ministry of Finance, the State Administration of Taxation, the State Ethnic Affairs Commission of the People’s Republic of China, on Relevant Issues of VAT on Commodities Sales of the Ethnic Trade Enterprises |
| Wednesday,December 26,2007 Posted: 10:34 BJT(0234 GMT) |
| From:CAITEC Article type:Original |
Financial offices (bureaus) of all provinces, autonomous regions, municipalities and cities specially designated in the state plan, State Administration of Taxation, ethnic groups (religious) commissions (offices, bureaus), Financial bureau and bureau of ethnic and religious affairs of Xinjiang Production and Construction Corps: For purpose of better implementing relevant preferential policies of Circular of Ministry of Finance and State Administration of Taxation on Continuing Adopting VAT Preferential Policies on Commodities Sales of the Ethnic Trade Enterprises and Border-selling Tea of Designated Producing and Selling Enterprises (No.103, 2006, hereinafter referred as “Circular”), related issues on exemption of VAT of ethnic trade enterprises of ethnic trade county are now stated as follows: 1.Ethnic trade enterprises and supply and marketing cooperatives in the Circular refer to enterprises in ethnic trade counties with sale of commodities for daily use of ethnic groups to a certain proportion. Commodities for daily use of ethnic groups include articles for special use of ethnic groups as well as daily necessities. Hereinto, articles for special use of ethnic groups refer to commodities listed in Circular of Ethnic Affairs Commission on Printing and Issuing Contents of Articles for Special Use of Ethnic Groups (revised in 2001); the confirmation of scope of daily necessities shall be headed by departments of ethnic affairs of ethnic trade counties, together with departments of finance and taxation at the same level, and may be adjusted in line with practical status. Departments of ethnic affairs of ethnic trade counties, and departments of finance and taxation at the same level, may determine the proportion of sales of articles for daily use of ethnic groups of enterprises; the proportion shall not below 20%. 2.Enterprises applying to enjoy the VAT preferential polices in territory of the ethnic trade counties, shall apply to be files with local taxation authorities. 3.This Circular shall take effect as from Oct 1, 2007. For those not entitled to the preferential policies, the exempted tax will not be imposed. Ministry of Finance State Administration of Taxation State Ethnic Affairs Commission Sep 30, 2007 (All information published in this website is authentic in Chinese. English is provided for reference only. ) |
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