China Introduces Export VAT Refund for Bunkering Oil for Certain Ships
China recently introduced an export value-added tax refund rate of 13% for bunkering oil on international navigation ships in its costal ports, according to a Feb. 26 report from the Hong Kong Trade Development Council. The rate, which took effect…
Sign up for a free preview to unlock the rest of this article
Export Compliance Daily combines U.S. export control news, foreign border import regulation and policy developments into a single daily information service that reliably informs its trade professional readers about important current issues affecting their operations.
Feb. 1, will allow ships to apply for export VAT refunds through export declarations when they enter “export-supervised warehouses to refuel,” the report said.