| The Notification of Export Tariff Withdrawal of the Assembling Business of Raw Materials Processing Abroad May 5th, 1999 |
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2004-02-18 |
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To: the state taxation bureaus of all provinces, autonomous regions and the cities under the direct leadership of the central government, the foreign economics and trade commissions( bureaus) , the foreign trade enterprises managed by the central government:
In order to encourage enterprises to engage in the assembling business of raw material processing abroad, based on the Notification of Encouraging Enterprises to Engage in the Assembling Business of Raw Material Processing Abroad ( the notification from the Office Bureau of the State Council transferring to the Ministry of Foreign Trade and Economic Cooperation, the State Economics and Trade Commission and the Ministry of Finance, the Documentation No.17 of OBSC, 1999 ) the following is how to withdraw the export tariff of assembling business of raw material processing abroad :
1. The assembling business of raw material processing abroad means that our domestic enterprises take their current technology and equipment for investment and deal with the assembling business of processing so as to help and expand the export of domestic equipment, technology, spare parts and raw materials.
2. The equipment, raw marials and spare parts used in the assembling business of raw matrial processing may have export tax return. The tariff of withdrawal is in operation based on the tariff of withdrawal stipulated by the government.
3. For the export goods of the assembling business of raw material processing abroad , we may calculate the total amount of returning tax due to the following formula:
Amount of returning tax = the amount showing on the VAT invoice x tariff suitable for use
For the second hand equipment used in the assembling business of raw material processing abroad the calculating fomula of returning tax is as follows:
Amount of tax return = the amount showing on the VAT invoice x depreciation value of equipment x tariff suitable for use
The depreciation value of equipment = original value of equipment - calculated depreciation
Th original value of equipment and calculated depreciation are calculated based on the checking data of enterprises accountants;
If the second hand equipment was bought on Jan.1st, 1994 the following is formula of tax return:
Amount of tax return = the amount showing on the invoice of purchasing goods x depreciation value of equipment x tariff suitable for use 1 + deducting rate original value of equipment
The deducting rate in the above-mentioned formula is the tariff for goods when they are bought
4. As for the export goods of assembling business of raw material processing abroad the export enterprises must provide the following certificates when they declare the tax return:
a. bill of entry for export goods ( export withdrawal of tax sheet;
b. VAT special invoice ( special payment voucher of customs ask for VAT)
c. Taxation( only for export goods) payment voucher( without providing if they are second hand and import equipment)
d. The approving certificate of assembling enterprises og raw material processing abroad ( duplicates)
5. The notification comes into force when the original arrives. |
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