ANNOUNCEMENT 12 Jul 2019

July 12th, 2019 - The Chinese government announced several large cargo ships would be exempt from import VAT and tariffs.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE

PRC State Taxation Administration, July 12th, 2019. (关于第四批享受进口税收优惠政策的中资“方便旗”船舶清单的通知)
http://www.chinatax.gov.cn/n810341/n810755/c4536962/content.html

Inception date: 12 Jul 2019 | Removal date: open ended

Tax or social insurance relief

On July 12th, 2019, three Chinese ministries jointly released an announcement stating that 34 'Chinese-funded' vessels using a Chinese flag of convenience would be added to a roster of those exempted from VAT and tariffs.

The combined total tonnage of the ships came to just over 1.5 million tonnes (approx. 1,515,165).

AFFECTED SECTORS

 
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AFFECTED PRODUCTS

 
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