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 2009 | Removal date: open ended
Still in force

Tax-based export incentive

On 10 November 2008, the State Council approved and published "the Provisional Regulations of the People's Republic of China on Business Tax."Among the regulations, Article No. 8 points out that the insurance of exported goods can be exempted from the current 5% business tax for finance and insurance industry. The insurance providers should also be registered in China.
The new policy will be effective on 1 January 2009.
 

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

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