State Administration of Taxation: Exemption of Exported Electrical and Electronic Products**

The State Administration of Taxation issued on the 30th the “Administrative Regulations on the Collection of Waste Electrical and Electronic Products Processing Funds” to make it clear that the State Administration of Taxation should use tax documents to collect funds. If the fund’s obligor violates the regulations governing the collection of funds, the tax authorities impose administrative penalties against tax violations. . This regulation will come into effect on July 1, 2012.

It is stipulated that the producers of electrical and electronic products within the territory of the People's Republic of China, who are obligors for the fund, shall pay funds in accordance with the regulations. The fund-paying obligors export electrical and electronic products and are exempt from funds. For the use of design schemes that are conducive to the comprehensive utilization of resources and innocuous disposal and the use of environmentally friendly and easy-to-recycle materials for the production of electrical and electronic products, if the funds can be deducted, it shall be implemented in accordance with the specific provisions of the relevant departments of the State Council.