ANNOUNCEMENT 01 Jun 2016
June 2016 - The Chinese government released the second list of institutions to benefit from a tax-free imports policy.
NUMBER OF INTERVENTIONS
PRC Ministry of Finance, June 2016. (第二批国有公益性收藏单位名单)
In June 2016, the Chinese government released a second list of firms that would be eligible for tax-free imports under a scheme launched in 2009 (see related act).
This second edition of the list contained 39 new firms that would be eligible for the treatment.
Such firms would be able to import cultural artifacts with no associated taxes.
Three Chinese ministries jointly released in June 2016 a second list of firms eligible for tax-free imports under a scheme started in 2009.
As well as tax-free imports for the enumerated 39 firms, the announcement also constituted a selective tax reduction for this industry.