IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Outflow (subsidised)

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 01 Jan 2012 | Removal date: open ended
Still in force

Tax-based export incentive

On 29 June 2012, the Ministry of Finance (MOF) and the State Administration of Taxation (SAT) jointly released the Notice (No.54 Caishui, 2012) on Exemption of Business Taxation on Some Overseas Labor Services.
 
In accordance with the Notice above, all business taxation will be eliminated for domestic enterprises providing the following service to organizations overseas:
- construction supervision services,
- assignment of sailors,
- personnel management.
 
The Notice has retroactive effect and is applicable since 1 January 2012. Enterprises will be refunded in case they paid the business tax already. This measure provides an incentive to engage in overseas markets, intensifying competition therein and to the detriment of rival foreign commercial interests.

AFFECTED COUNTRIES

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