MOF Notice No.67, 2014 (on Import Natural-Gas Tax Preferences Adjustment)
[2015-01-22 17:05:37]
To local bureaus of finance, local bureaus of state taxation, Guangdong Sub-Administration of China Customs, and local Customs Districts:
In accordance with National Development & Reform Commission's adjustment of non-resident stock natural-gas prices in August 2014, hereby announced are adjustments over the pro-rata refunds of import VAT regarding the natural gas import in 2011-2020 and the natural gas import under "Central Asian Gas"project by 2010 (as per CaiGuanShui [2011] No.39 Notice) and over the tax preferences for the gas import (as per CaiGuanShui [2013] No.74 Notice):
1. As from October 1, 2014, the sale price of liquefied natural gas will be adjusted to CNY 38.82/GJ and that of pipeline natural gas will be adjusted to CNY 1.37/cubic meter.
2. During July-September 2014, the sale price of liquefied natural gas applies CNY 35.14/GJ and that of pipeline natural gas applies CNY 1.24/cubic meter.
3. As from July 1, 2014, Article 1 of CaiGuanShui [2013] No.74 Notice will cease to apply.
Ministry of Finance of China (MOF)
General Administration of Customs of China (GACC)
State Administration of Taxation of China (SAT)
December 26, 2014
In accordance with National Development & Reform Commission's adjustment of non-resident stock natural-gas prices in August 2014, hereby announced are adjustments over the pro-rata refunds of import VAT regarding the natural gas import in 2011-2020 and the natural gas import under "Central Asian Gas"project by 2010 (as per CaiGuanShui [2011] No.39 Notice) and over the tax preferences for the gas import (as per CaiGuanShui [2013] No.74 Notice):
1. As from October 1, 2014, the sale price of liquefied natural gas will be adjusted to CNY 38.82/GJ and that of pipeline natural gas will be adjusted to CNY 1.37/cubic meter.
2. During July-September 2014, the sale price of liquefied natural gas applies CNY 35.14/GJ and that of pipeline natural gas applies CNY 1.24/cubic meter.
3. As from July 1, 2014, Article 1 of CaiGuanShui [2013] No.74 Notice will cease to apply.
Ministry of Finance of China (MOF)
General Administration of Customs of China (GACC)
State Administration of Taxation of China (SAT)
December 26, 2014
Source: ETCN
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