Instant levy and refund means that the tax authorities first collect the full amount of VAT, and then refund all or part of the collected VAT to the taxpayers on a regular basis. If a taxpayer provides taxable services and enjoys the preferential VAT refund policy, the taxpayer can issue a special VAT invoice and calculate the output tax, input tax and tax payable as usual.

The following items are subject to immediate VAT refund:

(1) Domestic cargo transportation services, warehousing services and loading and unloading provided by pilot taxpayers registered in Yangshan Bonded Port Area Serve.

(2) For units that place disabled people, the tax authorities will collect and refund the value-added tax based on the actual number of disabled people placed in the unit.

The above policy only applies to units that provide income from businesses within the scope of the original business tax ‘service industry’ tax category (except advertising services) that account for 50% of their total income from value-added tax and business tax businesses.

The conditions, definitions, and management requirements for entities that enjoy preferential VAT policies are in accordance with the "Notice of the Ministry of Finance and the State Administration of Taxation on Preferential Tax Policies for Promoting the Employment of Disabled Persons" (Caishui (2007) No. 92) Provisions are enforced.

(3) For general taxpayers among the pilot taxpayers who provide pipeline transportation services, the VAT refund policy will be implemented for the portion of the actual VAT tax burden exceeding 3%.

(4) If a general taxpayer among the pilot taxpayers approved by the People's Bank of China, the China Banking Regulatory Commission, and the Ministry of Commerce to operate financial leasing business provides financial leasing services for tangible movables, the actual value-added tax burden exceeds 3%. Partially implement the VAT refund policy upon collection.

Before December 31, 2011 (inclusive), if the pilot taxpayer has enjoyed business tax preferential treatment in accordance with relevant policies and regulations, he or she will enjoy relevant value-added tax preferential treatment in accordance with relevant regulations during the remaining tax preferential policy period.