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Announcement of the State Administration of Taxation on Relevant VAT Issues Concerning Central Financial Subsidies

Time:2013-05-02   Hits:1477

The relevant VAT issues on central financial subsidies are hereby notified as follows:

 

In accordance with the current VAT policy, the central financial subsidies obtained by taxpayers do not belong to the VAT taxable income and are not subject to VAT.

 

The Announcement shall come into force on February 1, 2013. Tax-related matters occurred before receiving the Announcement but not yet treated shall be subject to the provisions of the present Announcement.

 

The Announcement is hereby issued as described above.

 

State Administration of Taxation

 

January 8, 2013

 

Send copies to: state taxation bureaus and local taxation bureaus of all provinces, autonomous regions, municipalities directly under the Central Government and cities specifically designated in the state budgetary plan.

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