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: 13 May 2014 | Removal date: open ended
Still in force

Internal taxation of imports

On 13 May 2014, the Chinese Ministry of Finance announced Notice No.16 reducing the VAT on imported aircrafts under financial leasing.
The VAT was reduced from 17 to 5%. All importers who have imported aircrafts with an unladen weight of at least 25 tonnes after 1 January 2014 will be allowed to receive the rebate.
The notice came into force on the date of its announcement.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

496 Aircraft & spacecraft; parts
8802 Other aircraft (for example, helicopters, aeroplanes); spacecraft (including satellites) and suborbital and spacecraft launch vehicles.
880211 Of an unladen weight not exceeding 2,000 kg
880212 Of an unladen weight exceeding 2,000 kg
880220 Aeroplanes and other aircraft, of an unladen weight not exceeding 2,000 kg
880230 Aeroplanes and other aircraft, of an unladen weight exceeding 2,000 kg but not exceeding 15,000 kg
880240 Aeroplanes and other aircraft, of an unladen weight exceeding 15,000 kg

Please report this page in case you detect an inaccuracy in its content.