ANNOUNCEMENT 30 Dec 2016

December 30th, 2016 - The Chinese government announced the first list of vessels to be exempted from import VAT and tax.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE

PRC State Taxation Administration, December 30th, 2016. (享受进口税收优惠政策的中资“方便旗”船舶清单)
http://www.chinatax.gov.cn/n810341/n810765/n2511651/n2511656/c2549234/content.html

Inception date: 30 Dec 2016 | Removal date: open ended

Tax or social insurance relief

On December 30th, 2016, three Chinese ministries jointly released an announcement that revealed the first 13 ships that would benefit from a new policy which granted VAT and tariff exemption to certain 'Chinese-funded' foreign vessels that use a Chinese flag of convenience.

The total combined tonnage of the vessels came to just over 500,000 tonnes (534,910.19)

AFFECTED SECTORS

 

AFFECTED PRODUCTS

 
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