Announcement of the State Taxation Administration on Issues Concerning Taxpayers Enjoying Both the Immediate Refund and Post-Collection Refund Policies for Value-Added Tax and the Exemption-Credit-Refund Policy

This document clarifies the handling rules for taxpayers who are eligible for both the immediate refund or post-collection refund of value-added tax (VAT) and the exemption-credit-refund policy, applicable to all taxpayers and industries.