Core Viewpoint - The article discusses the recent announcement by the Ministry of Finance and the State Administration of Taxation regarding the improvement of the VAT refund policy for certain industries, specifically manufacturing and real estate, highlighting the criteria for eligibility and the calculation methods for sales revenue [2]. Group 1: VAT Refund Policy for Manufacturing and Related Industries - The announcement specifies that taxpayers in manufacturing and three other industries must have a VAT sales revenue exceeding 50% of their total VAT sales revenue to qualify for the refund [2]. - The sales revenue ratio is calculated based on the taxpayer's sales over the previous 12 months, or for those with less than 12 months but more than 3 months of operation, based on their actual operating period [2]. Group 2: VAT Refund Policy for Real Estate Development - For real estate development taxpayers, the criteria for eligibility also require that the VAT sales revenue and advance payments exceed 50% of their total VAT sales revenue and advance payments [2]. - Similar to manufacturing, the calculation for the sales revenue and advance payments ratio is based on the previous 12 months or the actual operating period for those with less than 12 months of operation [2].