close
Share with your friends

Consumption Tax Exemption for Biodiesel

Consumption Tax Exemption for Biodiesel

China alert - Issue 3, January 2011

1000

Related content

Consumption Tax Exemption for Biodiesel

The Ministry of Finance (MOF)and the State Administration of Taxation (SAT) jointly issued Circular 118 to retroactively exempt pure biodiesel made from waste animal fat or vegetable oil from consumption tax, effective from 1 January 2009. The issuance of this circular demonstrates the Chinese government’s increased encouragement of the renewable energy industry and is a result of active feedbacks and petitions by major players in this field.

© 2020 KPMG Huazhen LLP, a People's Republic of China partnership, KPMG Advisory (China) Limited, a limited liability company in China, KPMG, a Macau partnership and KPMG, a Hong Kong partnership, are member firms of the KPMG global organisation of independent member firms affiliated with KPMG International Limited  ("KPMG International"), a private English company limited by guarantee. All rights reserved. The KPMG name and logo are registered trademarks or trademarks of KPMG International.

 

For more detail about the structure of the KPMG global organisation please visit https://home.kpmg/governance.

Connect with us