The Ministry of Finance and the State Administration of Taxation: The bonded delivery business of commodity futures approved by the State Council for opening up to the outside world is temporarily exe

Announcement on Supporting Value Added Tax Policies for the Opening Up of the Goods Futures Market to the Outside World

Announcement No. 21 of 2023 by the Ministry of Finance and the State Administration of Taxation

To continue supporting the opening up of the commodity futures market to the outside world, the relevant value-added tax policies are hereby announced as follows:

The bonded delivery business of commodity futures approved by the State Council for opening up to the outside world is temporarily exempt from value-added tax.

If the goods actually delivered in the above-mentioned futures trading are imported or exported, they shall be subject to the current import and export tax policies. The physical delivery of futures for non bonded goods shall still be carried out in accordance with the provisions of the Notice issued by the State Administration of Taxation (Guoshuifa [1994] No. 244).

This announcement shall remain in effect until December 31, 2027.

This is to announce.