For exporters, export tax rebates such indirect taxes paid during the production and distribution process can be refunded.
Specifically, exporters are eligible for rebates on value-added tax (‘VAT’) and consumption tax (‘CT’) incurred during the production process.
Often export rebate policies are adjusted according to the current economic circumstances to support and promote exports. For example, since March 2020 the following applies:
the VAT refund scope was increased to 1464 products,
with a 13% tax rebate rate for 1,084 items; and
a […]
Read more