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
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)
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).