ANNOUNCED AS TEMPORARYNo
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.
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