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China Centralizes Export Tax Rebate Payments

|Approved Changes|China
China

On 3 march 2015, China's State Council announced that the Central government will be in charge of paying 100% of export tax rebates effective from 1 January 2015. Any rebates due up to the end of 2014 will be paid under the previous system, which includes a 7.5% share of the rebate paid by local authorities to the central government, which then provides the rebate in full to the exporter.

The …

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