Can foreign invested enterprises enjoy the tax-refund policy for their exported goods?
Foreign invested enterprises, manufacturing and exporting goods within the company’s business scope in accordance with Regulations on VAT Refund (Exemption) for Exported Goods and Notification on Taxation Issues of Foreign Invested Enterprises, can apply to competent tax authority monthly for VAT exemption for their exported products with necessary documents The input tax is used to credit the VAT payable on domestically sold products. The balance of the creditable input tax in excess of VAT payable shall be refunded.
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