China MOF Clarifies VAT Refund Criteria for R&D Centers

The Chinese Ministry of Finance Nov. 25 posted online an announcement clarifying the eligibility requirements for the R&D VAT refund regime. The announcement includes: 1) the types of domestic and foreign-funded R&D centers which are eligible for the refund; 2) the minimum expenditure thresholds; and 3) documentation and verification requirements. [China, Ministry of Finance, 11/25/19]

Reference:
View Announcement. View Attachment 1 on Tax Refund Qualification. View Attachment 2 on List of R&D Equipments. View Index.