ANNOUNCED AS TEMPORARYNo
Internal taxation of imports
Starting from 1 July 2014, an individual consumption tax has been imposed on imported coal used for power generation. Coal used for purposes besides power generation was exempted from this tax.
The idea of the tax policy revision was introduced last November through the press release of the government. In the announcement, it said that the purpose of this measure is to tackle the excessive electricity consumption and to rationalize domestic energy price structure.
Tariff changes on 1 July 2014:
Coal for power generation:
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