Lates News

Ministry of Finance: Taxpayers engaged in real estate development and operations, compared to the tax credits carried forward at the end of March 31, 2019, if the accumulated tax credits at the end of each consecutive six months prior to applying for a refund are greater than zero, and the accumulated tax credits at the end of the sixth month are not less than 500,000 RMB, they can apply to the competent tax authority for a refund of 60% of the accumulated tax credits at the end of the sixth month.