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
Still in force

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

 
N/A