October 25 2021

Coal-fired Power Companies and Heat Supply Enterprises Can Defer Tax Payment for the Fourth Quarter

Announcement by State Taxation Administration (STA)

In order to ensure steady energy and power supply during the winter and next spring, the State Taxation Administration released on October 21, 2021 the Circular about Tax Relief Measures to Support Coal-fired Power Companies.


The circular stated that coal-fired power companies and heat supply enterprises can postpone payment of their tax bills in the fourth quarters. Tax administrations will speed up processing of tax rebate applications, and accelerate implementation of targeted and universal preferential tax & fee policies. Local tax administrations should conduct thorough inspections about business and tax conditions at local power companies and heat supply enterprises, and provide instructions to them about preferential tax & fee policies.