Value Added Tax Consumption Tax Business Tax

For enterprises with foreign/overseas investment whose establishment was approved prior to December 31,1993,the increased tax burden as a result of the change inthe levy of Value Added Tax,Consumption Tax and Business Tax in accordance with the regulations of the State shall be relieved by the refundment of the additional tax payments resulting from the increased burden within their approved peri0ds of operation,but for no more than 5 years,upon application to and approval by the tax authority;for those enterprises without a stipulated period of operation, such refundments shall not last for more than 5 years.The specific measures in this regard shall be stipulated by the State Council.