China's State Administration of Taxation has published Circular 70/2018 regarding the refund of input value added tax (VAT) for certain industries in 2018. In general, VAT refunds are only allowed where a taxpayer has actually overpaid or qualifies for an export VAT refund, while refunds are not allowed where input VAT exceeds output VAT. Circular 70/2018 provides that such excess input VAT in 2018 may be refunded for enterprises operating in advanced manufacturing and modern service industr…