CHINA: Notice No. 559 of 2019 on Adjustment of the VAT Rate for Power Grid Enterprises in Order to Reduce the Electricity Price for General Industrial and Commercial Use

Meta Data
Title in national language: 
相应降低一般工商业电价的通知
Draft: 
No
Revision of previous policy?: 
No
Effective Start Year: 
2019
Scope: 
National
Document Type: 
Other
Economic Sector: 
Power, Industry, Multi-Sector
Energy Types: 
Power
Issued by: 
National Development and Reform Commission
Source: 
National Development and Reform Commission (CH)
File: 
Notice on Adjustment of the VAT Rate for Power Grid Enterprises (CH)
Overall Summary: 
The Notice No. 559 of 2019 on Adjustment of the VAT Rate for Power Grid Enterprises in Order to Reduce the Electricity Price for General Industrial and Commercial Use, effective since April 1, 2019.
Pricing
Energy taxation: 
1. After the value-added tax rate of power grid companies is adjusted from 16% to 13%, all the space for the reduction of tax-included transmission and distribution prices of provincial power grid companies will be used to reduce general industrial and commercial electricity prices. In principle, it will be implemented from April 1, 2019.