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NOTICE OF THE MINISTRY OF FINANCE AND THE STATE ADMINISTRATION OF TAXATION ON EXTENDING THE SCOPE OF VAT DEDUCTION OF TAX REBATE OF FIXED ASSET INPUT TAX IN NORTHEAST REGION IN 2005

e035902005120620051206The Ministry of Finance, the State Administration of Taxationepdf/e04586.pdfE32northeast region, value-added tax, scope of deduction, fixed asset, input tax, tax rebatee04586Notice of the Ministry of Finance and the State Administration of Taxation on Extending the Scope of VAT Deduction of Tax Rebate of Fixed Asset Input Tax in Northeast Region in 2005Cai Shui [2005] No. 176To Departments (Bureaus) of Finance of Liaoning province, Dalian city, Jilin province and Heilongjiang province and the State Administration of Taxation:In order to undertake smoothly the relevant tax rebate of extending the scope of VAT deduction in Northeast region in 2005, the Notice is hereby given as follows:1.Where the enterprise incorporated into extending the scope of VAT deduction of Northeast region (hereinafter referred to as taxpayer) offsets the added VAT against fixed asset input tax occurred from December 1, 2004 to November 30, 2005, if sum remains after tax rebate, the taxpayer may, after the approval by the local financial department, further undertake tax deduction and tax rebate besides the increasing amount, i.e. withdrawal from the realized and put-in-warehouse VAT. The remaining input tax deduction (tax rebate) shall be deducted next year.2.Where a taxpayer fails to pay VAT payable, its offset of fixed asset input tax against VAT arrears shall still be implemented in accordance with Notice of the Ministry of Finance and the State Administration of Taxation on Printing Interim Measures for Extending the Scope of VAT Deduction in the Northeast Region in 2004(Cai Shui [2004] No.168 and otherwise provisions relating to deduction of VAT arrears.3.All levels of tax authorities shall do well the input tax rebate of fixed asset, and undertake strict examination in accordance with the relevant requirements, and VAT deductible shall be rebated to the taxpayer prior to December 31, 2005.4.The deadline for the implementation of the Notice shall be December 31, 2005. The added amount shall be followed to calculate means of tax rebate.The Ministry of FinanceThe State Administration of TaxationDecember 6, 2005
  The Ministry of Finance, the State Administration of Taxation 2005-12-06  

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