ANNOUNCED AS TEMPORARYNo
Internal taxation of imports
On 12 January 2015, the General Administration of Customs issued Notice No. 2 of 2015.
According to the Notice, several imported petroleum products are now subject to an increased import consumption tax (HS codes 27101210, 27101220, 27101230,27101911, 27101912, 27101919, 27101922, 27101923, 27101929, 27101991,27101992, 27101993, 27101999, 27102000). Depending on the product, the tax increase ranges from 0.1 RMB/L to 0.12 RMB/L.
After this increase, the import taxes on Petroleum products range from 1.2 RMB/L to 1.52 RMB/L.
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