China will cut the rate of value-added tax （VAT） on dimethyl ether （DME）, a coal-based alternative to oil, to help boost the development of alternative energy amid soaring world energy prices. The Ministry of Fina...China will cut the rate of value-added tax （VAT） on dimethyl ether （DME）, a coal-based alternative to oil, to help boost the development of alternative energy amid soaring world energy prices. The Ministry of Finance and State Administration of Taxation have recently made a joint announcement that the government cuts the VAT rate on DME by 4.0 percentage points, to 13 percent, effective from July 1. The adjustment removes the gap between the VAT rate levied on DME and other fuels, including liquefied gas and natural gas. The move will help the development of the DME industry. China is accelerating the use of DME-powered buses.展开更多
文摘China will cut the rate of value-added tax （VAT） on dimethyl ether （DME）, a coal-based alternative to oil, to help boost the development of alternative energy amid soaring world energy prices. The Ministry of Finance and State Administration of Taxation have recently made a joint announcement that the government cuts the VAT rate on DME by 4.0 percentage points, to 13 percent, effective from July 1. The adjustment removes the gap between the VAT rate levied on DME and other fuels, including liquefied gas and natural gas. The move will help the development of the DME industry. China is accelerating the use of DME-powered buses.
