Announcement on the Value-added Tax Policies for Comprehensive Utilization of Resources
Announcement on the Value-added Tax Policies for Comprehensive Utilization of Resources
Announcement on the Value-added Tax Policies for Comprehensive Utilization of Resources
Announcement of the Ministry of Finance and the State Taxation Administration [2019] No.90
October 24, 2019
Upon research, the value-added tax (the "VAT") policies for comprehensive utilization of phosphogypsum resources and other resources are announced as follows:
I. From September 1, 2019, taxpayers engaged in the sale of self-produced products generated from comprehensive utilization of phosphogypsum resources may be entitled to the policy for claiming VAT refunds immediately after payment, subject to the refund rate of 70%.
For the purpose of the Announcement, the products generated from comprehensive utilization of phosphogypsum resources include wallboard, mortar, block, cement additive, building gypsum, α-type high-strength gypsum, type II anhydrite, caulking gypsum, bonded gypsum, gypsum mold box used for cast-in-place concrete hollow structure, gypsum plaster, mechanical spray gypsum plaster, soil conditioner, spray wall plaster, decorative gypsum material, phosphogypsum sulfuric acid, with more than 40% of the raw material of the product comes from phosphogypsum.
Taxpayers' use of phosphogypsum to produce cement and cement clinker shall continue to be subject to the relevant provisions of 2.2 "Waste residues" listed in the Catalog of Preferential Value-added Tax Policies for Products and Labor Services Generated from the Comprehensive Utilization of Resources annexed to the Circular of the Ministry of Finance and the State Taxation Administration on Issuing the Catalog of Preferential Value-added Tax Policies for Products and Labor Services Generated from the Comprehensive Utilization of Resources (Cai Shui [2015] No.78, the "Circular (Cai Shui [2015] No.78)").
Other matters related to the entitlement to the policy for claiming VAT refunds immediately after payment for comprehensive utilization of phosphogypsum resources by taxpayers shall be governed by the Circular (Cai Shui [2015] No.78).
II.
......
Announcement of the Ministry of Finance and the State Taxation Administration [2019] No.90
October 24, 2019
Upon research, the value-added tax (the "VAT") policies for comprehensive utilization of phosphogypsum resources and other resources are announced as follows:
I. From September 1, 2019, taxpayers engaged in the sale of self-produced products generated from comprehensive utilization of phosphogypsum resources may be entitled to the policy for claiming VAT refunds immediately after payment, subject to the refund rate of 70%.
For the purpose of the Announcement, the products generated from comprehensive utilization of phosphogypsum resources include wallboard, mortar, block, cement additive, building gypsum, α-type high-strength gypsum, type II anhydrite, caulking gypsum, bonded gypsum, gypsum mold box used for cast-in-place concrete hollow structure, gypsum plaster, mechanical spray gypsum plaster, soil conditioner, spray wall plaster, decorative gypsum material, phosphogypsum sulfuric acid, with more than 40% of the raw material of the product comes from phosphogypsum.
Taxpayers' use of phosphogypsum to produce cement and cement clinker shall continue to be subject to the relevant provisions of 2.2 "Waste residues" listed in the Catalog of Preferential Value-added Tax Policies for Products and Labor Services Generated from the Comprehensive Utilization of Resources annexed to the Circular of the Ministry of Finance and the State Taxation Administration on Issuing the Catalog of Preferential Value-added Tax Policies for Products and Labor Services Generated from the Comprehensive Utilization of Resources (Cai Shui [2015] No.78, the "Circular (Cai Shui [2015] No.78)").
Other matters related to the entitlement to the policy for claiming VAT refunds immediately after payment for comprehensive utilization of phosphogypsum resources by taxpayers shall be governed by the Circular (Cai Shui [2015] No.78).
II.
......