ANNOUNCED AS TEMPORARYNo
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.
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