IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 01 Jul 2018 | Removal date: open ended
Still in force

Internal taxation of imports

On June 29th, 2018, the Chinese government released an updated version of the roster of nations whose flagged ships are entitled to pay a preferential vessel tonnage tax upon entering Chinese ports.

Liberia and Panama were added to this roster, bringing the total number of nations on it to 78.

The tax is calculated based on the weight of the ship, as well as a time-limited payment category. On average, the preferential rates are 3.375 CNY/tonne less than the normal rates, but this varies.

For example, a ship of 60,000 tonnes would pay around USD 500,000 less per year under the preferential rates scheme.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

Please report this page in case you detect an inaccuracy in its content.