Announcement on Further and Continuously Speeding up the Application of End-of-Period Excess Input Value-Added Tax Credit Refund Policies

Announcement on Further and Continuously Speeding up the Application of End-of-Period Excess Input Value-Added Tax Credit Refund Policies
Announcement on Further and Continuously Speeding up the Application of End-of-Period Excess Input Value-Added Tax Credit Refund Policies

Announcement of the Ministry of Finance and the State Taxation Administration [2022] No.19

May 17, 2022

To quickly release the benefits under the policies relating to the large-scale refund of end-of-period excess input value-added tax credits (hereinafter referred to as “VAT credits”), the related policies are hereby announced as follows:

1. Existing VAT credits shall be refunded to large enterprises earlier, with the provision in Item (2) of Article 2 of the Announcement of the Ministry of Finance and the State Taxation Administration to Further Step up the Application of End-of-Period Excess Input Value-Added Tax Credit Refund Policies (hereinafter referred to the “Announcement [2022] No.
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