Announcement of the State Administration of Taxation on Issues Concerning the Trial Implementation of Measures for Assessment and Deduction of Input Value-added Tax on Agricultural Products in Certain Industries

Announcement of the State Administration of Taxation on Issues Concerning the Trial Implementation of Measures for Assessment and Deduction of Input Value-added Tax on Agricultural Products in Certain Industries

Announcement of the State Administration of Taxation [2012] No.35

July 17, 2012

In order to further standardize the policies for assessment and deduction of input value-added tax ("VAT") on agricultural products and strengthen tax administration, pursuant to the relevant provisions of the Circular of the Ministry of Finance and the State Administration of Taxation on Trial Implementation of Measures for Assessment and Deduction of Input Value-added Tax on Agricultural Products in Certain Industries (Cai Shui [2012] No.38, hereafter referred to as the "Circular"), issues concerning the trial implementation of measures for the assessment and deduction of input VAT on agricultural products in certain industries are hereby announced as follows:

I. In Article l of the Circular, the "liquid milk and dairy products" listed shall be subject the category of "dairy product manufacturing" (code: C1440) under the Industrial Classification for National Economic Activities (GB/T4754-2011, hereinafter referred to as the "Classification); the "liquor and ethyl alcohol" listed shall be subject to the category of " liquor manufacturing "(code: C151) under the Classification (GB/T4754-2011); and the "vegetable oil" listed shall be subject to the category of "processing of vegetable oil" (code: C133) under the Classification.

II.
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