The Ministry of Finance and the State Administration of Taxation jointly issued a notice on expanding the industry scope of the policy of full refund of value-added tax. "notice of the State Administration of Taxation of the Ministry of Finance on further strengthening the implementation of the policy of value-added tax refund at the end of the period" (announcement No. 14 of 2022 by the State Administration of Taxation of the Ministry of Finance) (hereinafter referred to as notice No. 14 of 2022) Article 2 provides for the policy scope of full monthly refund of incremental VAT credit and one-time refund of stock credit for manufacturing and other industries. Expanded to "wholesale and retail", "agriculture, forestry, animal husbandry, fisheries", "accommodation and catering", "residential services, repair and other services", "education", "health and social work" and "culture, sports and entertainment" (hereinafter referred to as wholesale and retail industries) enterprises (including individual industrial and commercial households, the same below). Enterprises in wholesale and retail industries that meet the requirements may apply to the competent tax authorities for a refund of the incremental tax credit starting from the tax return period in July 2022. Enterprises in wholesale and retail industries and other industries that meet the requirements may apply to the competent tax authorities for an one-time refund of the stock and the tax credit starting from the tax return period in July 2022.