CIRCULAR OF MINISTRY OF FINANCE AND THE STATE ADMINISTRATION OF TAXATION ON INTERIM EXEMPTION FROM VALUE-ADDED TAX ON UREA PRODUCT

Circular of Ministry of Finance and the State Administration of Taxation on Interim Exemption from Value-added Tax on Urea Product

Cai Shui [2005] No.87

To departments ( bureaus) of finance and bureaus of state taxation in all provinces, autonomous regions, municipalities directly under
the Central Government, cites specifically designated in the state plan, the financial supervision commissioners’ offices in all
provinces, autonomous Regions, municipalities directly under the Central Government, cites specifically designated in the state plan,
Ministry of Finance of Xinjiang Production and Construction Corporations,

With the view to sustaining the development of agriculture, the measure on value-added tax on urea product is specified as follow
under the authorization from the state council,

The 50%-refund measure on value-added tax on domestic urea product is adjusted to value-added tax exemption temporarily from the date
of July 1, 2005.

This circular shall be enforced.

Ministry of Finance

The State Administration of Taxation

May 26,2 005