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International Law

: China Law Blog

China Gets Back In The Rebate Game

By Dan Harris and Steve Dickinson

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For years, China gave partial to full VAT (Value Added Tax) rebates on many of its products shipped out for export. Recently, however, China had begun to reduce and/or phase out many of those rebates. On November 1, 2008, China's State Council reversed itself and raised tax rebates on 3,486 items. Today, it announced that come December 1, 2008, it will be increasing tax rebates "on 3,770 export items, or 27.9 percent of all products shipped by China." (h/t to 3PL Wire) The price of product from China just went down. Again.

Full post as published by China Law Blog on November 14, 2008 (boomark / email).

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