Tax Policy Overview - From March 1, 2022, a 100% VAT refund policy is implemented for products made from agricultural and forestry waste materials such as rice husks, corn cobs, and kitchen waste [2] - This policy applies to various biomass products including biomass briquettes, biogas, and electricity [2] Eligibility Criteria - To qualify for the VAT refund, at least 80% of the raw materials used must come from the specified resources [3] - Taxpayers must obtain VAT invoices from the sales party for recycled resources purchased domestically [3] - For imported recycled resources, customs documentation or equivalent invoices must be obtained [3] Exclusions from VAT Refund - Sales revenue that does not meet the invoice or documentation requirements will not be eligible for the VAT refund [4] - Taxpayers must exclude ineligible sales revenue from their total sales when calculating the refundable VAT amount [4] Compliance Requirements - Products sold must not fall under categories listed as eliminated or restricted in the industrial structure adjustment directory [5] - The products must not be classified as "high pollution, high environmental risk" according to environmental protection standards [5] - Taxpayers must maintain a good tax credit rating and comply with specified environmental standards [4][5] Additional Regulations for Hazardous Waste - If the utilized resources include hazardous waste, a permit from environmental authorities is required [6] Application Process for VAT Refund - Taxpayers must ensure no administrative penalties for environmental or tax violations in the six months prior to the refund application [7] - A written declaration confirming compliance with the necessary conditions must be submitted to the tax authority [7] Record-Keeping Requirements - Taxpayers are required to maintain a detailed record of recycled resource acquisitions, including supplier information and transaction details [10]