Insight
China updates tax rebate policy to aid gas imports
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
On 30 April, China published an updated policy and detailed rules for value-added tax (VAT) rebates on gas imports. The new policy applies to LNG and pipeline gas imports from 2021 to 2025. It replaces the previous policy that governed imports from 2011 to 2020. The new policy is positive for importers, in particular for those that did not qualify under the old policy and long-term contracts signed prior to 2015. However, VAT rebates alone will not alter the gas-on-gas competition landscape.
Table of contents
- No table of contents specified
Tables and charts
No table or charts specified
What's included
This report contains:
Other reports you may be interested in
Insight
China economic focus April 2025: surviving the trade war
China’s strategy to mitigate the economic damage from the trade war
$1,150
Country Report
Japan upstream summary
The country relies heavily on LNG and oil imports to meet its energy needs: Japan's domestic oil and gas production makes up for ...
$4,080
Asset Report
Turpan-Hami Basin
The Turpan-Hami or Tuha Basin is situated in the Xinjiang Uygur Autonomous Region, covering an area of around 48,000 km2.
$3,720
