China Financial Daily

Delineation of the special consumption tax investigation before the national liquor sales five provinces
Reporters on the 7th was informed from the State Administration of Taxation, State Administration of Taxation recently issued a circular calling for the tax authorities around the province, autonomous regions and municipalities of liquor sales in 2008 before the five manufacturers of special investigations for the consumption tax.

“The investigation of specific business units for the production of the highest price before the five products.” SAT-related person in charge of each enterprise to choose only five products under investigation. Notice at the same time the requirements of tax authorities around the collection of liquor products to the relevant economic indicators. Manufacturers of liquor sold to the liquor sales units, sales price is lower than the manufacturers selling, single

Bit external sales price below 70 percent, approved the lowest tax price of consumption tax. In July this year, formally established the State Administration of Taxation “liquor consumption tax price of the lowest tax approved management practices (for trial implementation)”, on China’s consumption of liquor to adjust the tax system, the approach since August 1, 2009 from the Executive.

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