ANNOUNCEMENT 04 Jan 2010

January 4th, 2010 - The Chinese government released a list of firms to benefit from certain tax-free imports.

NUMBER OF INTERVENTIONS

2

  • 1 harmful
  • 0 neutral
  • 1 liberalising

SOURCE

PRC State Taxation Administration, January 4th, 2010. (中华人民共和国财政部 中华人民共和国海关总署 国家税务总局 公告2010年第2号)
http://www.chinatax.gov.cn/n810341/n810765/n812161/n812584/c1086227/content.html

Inception date: 04 Jan 2010 | Removal date: open ended

Import tariff

On January 4th, 2010, a joint announcement from three Chinese ministries revealed the first batch of firms to be eligible for tax-free imports under a scheme originally announced the previous year.

176 firms were included in the list, divided into three categories.

AFFECTED SECTORS

 

AFFECTED PRODUCTS

 
Inception date: 04 Jan 2010 | Removal date: open ended

Tax or social insurance relief

In January 2010, three Chinese ministries jointly announced the first list of firms that would benefit from tax-free imports under a scheme announced the previous year which selectively allowed such treatment for certain importers of cultural artifacts.

This represents a discriminatory tax reduction for this industry.

 
N/A