IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

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 2009 | Removal date: open ended
Still in force

Internal taxation of imports

On 25 December 2008, the Ministry of Finance, General Administration of Taxation, and the General Administration of Customs jointly issued the "Adjustment of Certain Policies on Import Tax Incentives" (Annoucement '2008' No.43) for the purpose of reforming the VAT regime.
 
According to this announcement, starting from 1 January 2009, the import VAT levied on the following products will be suspended:

  1. Imported equipment for accredited projects with foreign investment, or projects relying on loans from foreign governments or international financial organizations;
  2. Imported equipment for FDI projects accredited and listed by the Catalogue on Guiding FDI in Central and West China; and
  3. Imported equipment by software manufacturers, integrated circuit manufacturers, and public transportation programs.

AFFECTED COUNTRIES

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