(1) A trial of the tax refund policy on the export of goods under financial leasing. For financial leasing enterprises, financial leasing companies and their established project subsidiaries (hereinafter collectively referred to as financial leasing lessor), the export tax rebate policy of value-added tax (VAT) and consumption tax (CPT) shall be implemented on an experimental basis for the goods that are leased to overseas lessees under financial leasing with a leasing term of 5 years or more and actually leave the country after declaring the goods at the Customs.
The scope of goods exported under financial leasing includes aircraft, aircraft engines, railway locomotives, railway passenger carriages, ships and other goods, which shall be in line with the 'Fixed Assets' in Article 21 of the 'Rules for the Implementation of the Provisional Regulations of the Value-added Tax of the People's Republic of China (Decree No. 50 of the Ministry of Finance and the State Administration of Taxation)'. Relevant Provisions.
(ii) Trial tax rebate policy for financial leasing of marine engineering structures. For the financial leasing lessor purchased, and leased to the domestic production enterprises listed offshore oil and gas exploration enterprises in the territory in the form of financial leasing of marine engineering structures produced by the domestic production enterprises with a lease term of more than five years (including), as exports, and the trial implementation of value-added tax, consumption tax export tax rebate policy.
The scope of marine engineering structures, tax rebate rate and the specific scope of offshore oil and gas exploration enterprises are implemented in accordance with the relevant provisions of the Circular of the Ministry of Finance and the State Administration of Taxation on the Policies of Value-added Tax and Consumption Tax on Exported Goods and Services (Cai Shui [2012] No. 39).
(iii) The above financial leasing of exported goods and financial leasing of marine engineering structures do not include imported tax-exempted goods within the years of customs supervision."
II. According to the Circular on Clarifying the VAT Policies on Financial Real Estate Development Educational Auxiliary Services and Other VAT Policies (Cai Shui [2016] No. 140), "XVII. Starting from January 1, 2017, the sales of self-produced offshore engineering structures by manufacturing enterprises or the sales of self-reproduced offshore engineering structures by financial leasing enterprises and their project subsidiaries established by them, or the purchase and sale of self-produced offshore engineering structures by financial leasing enterprises and their project subsidiaries established by them, or the project subsidiaries purchased and leased out under financial leasing, shall pay value-added tax in accordance with the provisions, and shall no longer be subject to the Circular of the Ministry of Finance and the State Administration of Taxation on the Policies of Value-added Tax and Consumption Tax on the Export of Goods and Services (Cai Shui [2012] No. 39) or the Circular of the Ministry of Finance and the State Administration of Taxation on the Pilot of the Policy of Export Tax Refund for Financially Leased Goods throughout the Country (Cai Shui [2012] No. 39). " (Cai Shui [2014] No. 62), except where the purchaser or lessee is a Sino-foreign cooperative oil (gas) field exploitation enterprise that levies VAT on an in-kind basis.
Offshore engineering structures sales contracts or financial leasing contracts signed before January 1, 2017, can continue to be implemented in accordance with the current relevant export tax rebate policy before the expiration of the contract.
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Eighteen, this notice, except for the policies stipulated in Article 17, all other from May 1, 2016 onwards. The value-added tax that should be exempted or not levied that has been levied previously can be offset against the value-added tax payable by the taxpayer in the subsequent months."