- Manufacturing and three other industries can still receive a full 100 percent tax refund.
- Real estate development companies receive a 60 percent refund with specific conditions.
- Other industries have a tiered refund system based on a 100 million yuan threshold.
- Below the threshold, a 60 percent refund applies; above it, a 30 percent refund applies.
- The policy adjustments take effect from the September 2025 tax filing period.
Source: economy.caixin.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
