China extends tax holiday for importing gas and E&P equipment

Government will repay 70% of VAT to natural gas importers under long-term gas supply deals signed before the end of 2014

Tax breaks: the Tarim basin in Xinjiang is one of the areas designated by NDRC where imports of oil and gas equipment will enjoy tax breaks — Tax breaks: the Tarim basin in Xinjiang is one of the areas designated by NDRC where imports of oil and gas equipment will enjoy tax breaksPhoto: PETROCHINA

Xu Yihe

Singapore

China China National Petroleum Corp Asia & Oceania East Asia

Published 10 May 2021, 08:15Updated 10 May 2021, 08:15