Notice of VAT policy of large-scale hydropower enterprise

In order to support hydropower development, unified and standardized large scale hydropower corporation tax policy, formulated related policies. Over 1 million-kilowatt of the hydroelectric plant of installed capacity (including pumped storage) sales of self-produced electricity products, beginning on January 1, 2013 to December 31, 2015, its effective tax burden more than 8% of the parts to the VAT immediate refund policies; from January 1, 2016 until December 31, 2017, its effective tax burden more than 12% of the parts to the VAT immediate refund policy.

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