| Notice by the National Development and Reform Commission of the Corresponding Reduction of General Industrial and Commercial Electricity Prices due to the Adjustment of the Value-Added Tax Rate for the Electric Power Industry | | 国家发展改革委关于电力行业增值税税率调整相应降低一般工商业电价的通知 |
| (No. 732 [2018] of the National Development and Reform Commission) | | （发改价格〔2018〕732号） |
| The development and reform commissions, price bureaus and electric power companies of all provinces, autonomous regions, and municipalities directly under the Central Government: | | 各省、自治区、直辖市发展改革委、物价局、电力公司： |
| For the purposes of further implementing the objectives and requirements of the Central Economic Working Conference for reducing the energy consuming costs of enterprises and those of the Government Work Report for reducing the general industrial and commercial electricity prices by 10 on average, you are hereby notified of the relevant matters on the corresponding reduction of general industrial and commercial electricity prices due to the adjustment of the value-added tax (“VAT”) rate for the electric power industry as follows: | | 为进一步贯彻落实中央经济工作会议关于降低企业用能成本和《政府工作报告》关于一般工商业电价平均下降10%的目标要求，现就电力行业增值税税率调整相应降低一般工商业电价有关事项通知如下。 |
I. After the VAT rate for the electric power industry is adjusted from 17% to 16%, all the electricity price room made by the reduction of tax-inclusive electricity transmission and distribution prices of provincial power grid enterprises and the criteria for government funds and surcharges, and the one-time return of remaining VAT credit at the end of period, among others, shall be used to reduce general industrial and commercial electricity prices.
．．．．．． | | 一、电力行业增值税税率由17%调整到16%后，省级电网企业含税输配电价水平和政府性基金及附加标准降低、期末留抵税额一次性退返等腾出的电价空间，全部用于降低一般工商业电价。
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