What products can enjoy VAT refund when exported?
Under the Notice of the Ministry of Finance and State Administration of Taxation Concerning an Increase in the Tax Refund Rate on Certain Products Including Mechanical and Electrical Products, which came into effect on July 1, 1998, the VAT refund rate on exports has been increased from 9% to 11% on some products, including the following:
1. Telecom equipment
Cordless phones
Videophones
Transmission apparatus for radio broadcasting or television
2. Power generation and transmission equipment
Steam turbines and other vapor turbines
Electric motors and generators
Electric generating sets and rotary converters
3. High-quality electrical appliances
Color video monitors
Compact disc players
Refrigerators
4. Agricultural and engineering machinery
Harvesting or threshing machinery
Road tractors for semi-trailers
Forklift trucks
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