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	SUPPLEMENTARY NOTICE OF THE MINISTRY OF FINANCE AND THE STATE ADMINISTRATION OF TAXATION ON TRIAL IMPLEMENTATION OF TAX REFUND (EXEMPTION) FOR EXPORT OF GOODS UNDER SMALL-SCALE BORDER TRADE SETTLED IN RENMINBI

	(No. 178 [2004] of the Ministry of Finance, October, 29, 2004)


SUBJECT : TAX REFUND (EXEMPTION); EXPORT; SMALL-SCALE BORDER TRADE SETTLED IN RENMINBI
ISSUING DEPARTMENT : MINISTRY OF FINANCE OF THE PEOPLE'S REPUBLIC OF CHINA, STATE ADMINISTRATION OF TAXATION
ISSUE DATE : 10/29/2004
IMPLEMENT DATE : 10/29/2004
LENGTH : 199 words
TEXT :

In order to further do a good job in the trial implementation in Yunnan of tax refund for export of goods under small-scale border trade settled in Renminbi, we have been approved by the State Council to, as of October 1, 2004, adjust the rate of refundable amount of taxes from the present 70% to 100% if the export of goods under small-scale border trade in Yunnan is settled in Renminbi by means of banking transfer; and maintain the present rate of refundable amount of taxes at 40% if the export of goods under small-scale border trade in Yunnan is settled in cash. The specific time for implementation shall be the date of export indicated on the "Customs Declaration Form for Export of Goods (the Sheet for Tax Refund for Exports)" issued by the Customs.

Other matters relating to tax refund (exemption) for export of goods under small-scale border trade settled in Renminbi shall still be handled in accordance with the "Notice of the Ministry of Finance and the State Administration of Taxation on Trial Implementation of Tax Refund (Exemption) for Export of Goods under Small-scale Border Trade Settled in Renminbi" (No. 245 [2003] of the Ministry of Finance).