IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Outflow (subsidised)

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
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Inception date: 01 Apr 2010 | Removal date: open ended

Tax-based export incentive

On 30 March 2010, the Ministry of Finance, General Administration of Customs and State Administration of Taxation issued the "Notice about Carrying out the Pilot Program on Export Tax Refunds for the Leased-financed Vessels in Tianjin" (Caishui'2010'No.24).
 
According to this Notice, the value added tax on the exported vessel through financial lease shall be exempted and the tax paid under the item of input tax at the time of purchase shall be refunded. All consumption taxes paid on the taxable consumer goods(export leasing purpose only) shall be refunded.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

493 Ships
8901 Cruise ships, excursion boats, ferryboats, cargo ships, barges and similar vessels for the transport of persons or goods.
890110 Cruise ships, excursion boats and similar vessels principally designed for the transport of persons; ferryboats of all kinds
890120 Tankers
890130 Refrigerated vessels, other than those of subheading 8901.20
890190 Other vessels for the transport of goods and other vessels for the transport of both persons and goods

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