IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

Yes

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

firm-specific

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 28 Nov 2013 | Removal date: 31 Dec 2020
Still in force

Tax or social insurance relief

On the 28th of November 2013, the PRC's Ministry of Finance and State Administration of Taxation released Finance and Taxation Notice No.98/2013, which stated that animation- and comic-producing companies were exempted from any VAT that amounted to more than 3% of their total sales.

The benefits were only available to companies approved by local authorities, in accordance with a scheme started in 2008. This practically excludes non-domestic firms from the programme.

The policy is effective until the end of 2017.

UPDATE: In 2018, the policy was extended to the end of 2020.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

961 Audiovisual & related services

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