If export business is settled in RMB, VAT rebate is still treated as normal?

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Yes, the company still can enjoy the VAT rebate according to the statutory rebate rate.

Is there any difference in the application for the rebate?

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The application procedure is as same as export settled in foreign currencies.

Just when applies for the export tax rebate, the company needs to determine a conversion rate to converse the RMB amount into US dollars. Once the chosen method is determined, if there is any change in the method, the company needs to do relevant procedure in the tax bureau.

#Export in RMB# VAT tax rebate# Export VAT

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