Ministry of Finance and State Administration of Taxation, Termination of Tax Refund Policies for Value-Added Tax on Integrated Circuits Circular

Issued: September 30 2004

Main contents: The implementation of Article 1 of the Ministry of Finance and State Administration of Taxation, Tax Policies Relating to Further Encouraging the Development of the Software and Integrated Circuit Industries Circular (Cai Shui [2002] No.70), which concerns value-added tax refund policy, shall be terminated starting from April 1 2005. Before March 31 2005, Article 1 of Cai Shui [2002] No.70 concerning value-added tax refund policy is only applicable to integrated circuit enterprises and integrated circuit products (including monocrystalline silicon chips) recognized before July 14 2004.
Related legislation: Ministry of Finance and State Administration of Taxation, Tax Policies Relating to Further Encouraging the Development of the Software and Integrated Circuit Industries Circular, Oct 10 2002