ANNOUNCEMENT 13 May 2014
In May 2014, the government of China announced a change to the import-specific domestic duties.NUMBER OF INTERVENTIONS
1
SOURCE
Notice of the Finance Ministry (in English)
http://en.pkulaw.cn/display.aspx?cgid=227115&lib=law
Notice of the Finance Ministry (in Chinese)
http://gss.mof.gov.cn/zhengwuxinxi/zhengcefabu/201406/t20140604_1087451.html
On 13 May 2014, the Chinese Ministry of Finance announced Notice No.16 reducing the VAT on imported aircrafts under financial leasing.
The VAT was reduced from 17 to 5%. All importers who have imported aircrafts with an unladen weight of at least 25 tonnes after 1 January 2014 will be allowed to receive the rebate.
The notice came into force on the date of its announcement.