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

2

  • 1 harmful
  • 0 neutral
  • 1 liberalising

SOURCE

PRC Ministry of Finance, June 2016. (第二批国有公益性收藏单位名单)
http://gs.mof.gov.cn/mofhome/guanshuisi/zhengwuxinxi/zhengcefabu/201606/P020160607578225527036.doc

Inception date: 01 Jun 2016 | Removal date: open ended

Import tariff

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.

AFFECTED SECTORS

 
Inception date: 01 Jun 2016 | Removal date: open ended

Tax or social insurance relief

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.

 
N/A