In the past summer, China’s Ministry of Finance (MoF) and the State Administration of Taxation (SAT) jointly issued the “Notice Regarding VAT and CT Policies for Export Goods and Services (caishui  No. 39.” The SAT subsequently issued SAT Announcement  No. 24, in an attempt to clarify the VAT and consumption tax policies for exported goods and services.
Some of the key points of Circular 39 and Announcement No. 24 are as follows:
1. The previous stipulation that a newly-established enterprise is not eligible for tax refund within 12 months of establishment has been eliminated.
2. Scope of goods that can be deemed as so called “self-manufactured” to qualify for export tax refund/exemption has been expanded.
3. Scope of good that are subject to tax has been narrowed.
4. Deadline to claim export tax refund/exemption has been extended. Now an enterprise has until April 30 of the year following to apply for refund/exemption.