ANNOUNCEMENT 13 May 2014

In May 2014, the government of China announced a change to the import-specific domestic duties.

NUMBER OF INTERVENTIONS

1

  • 0 harmful
  • 0 neutral
  • 1 liberalising

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


Inception date: 13 May 2014 | Removal date: open ended

Internal taxation of imports

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.

AFFECTED SECTORS