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 2014 | Removal date: 31 Dec 2018
Still in force

Tax or social insurance relief

On 31 May 2014, the Ministry of Finance issued the Notice No.56 of 2014, aiming to support the development and exports of the Chinese movie industry. 
 
According to the notice, sales revenue from movie copies (digital copies included) from the movie producers, transfer of copy rights, movie publishing activities, and film screening services in rural areas can be exempted from VAT from 1 January 2014 to 31 December 2018.
In addition, the central government will support 5 to 10 selected movie productions with a total annual funding of RMB 100 million (ca. USD 16 million). The government also encourages the local banks to provide loans or other financial aids to the Chinese movie industry. 
 
The affected trading partners are identified based on the UNESCO report "UIS INFORMATION PAPER NO. 14", published in August 2013. These countries accounte for approximately two thirds of global movie production in 2011 (see Table 4, p.11). 

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

961 Audiovisual & related services

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