Article 3 the scope of tax refund (exemption) of exported goods, the tax refund rate and the measures of tax refund (exemption) shall be governed by the relevant provisions of the state.

第三条出口货物的退(免)税范围、退税率和退(免)税方法，按国家有关规定执行。

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There is the added situation that many such insured defaults are staged to allow the issuer to accelerate the bonds and refund them at a lower interest rate.

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If the interest rate is below that amount, you may be better off investing that bonus or tax refund instead.

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