ANNOUNCEMENT 01 Jan 2011

In January 2011, the government of China announced a change in import duties.

NUMBER OF INTERVENTIONS

1

  • 0 harmful
  • 0 neutral
  • 1 liberalising
Inception date: 01 Jan 2011 | Removal date: 31 Dec 2015
Still in force

Import tariff

 On 19 May 2011, the Ministry of Finance, the General Administration of Customs and the State Administration of Taxation jointly issued Notice on Issuing the Interim Provisions on the Exemption of Import Tax from the Articles Imported by Comic and Animation Enterprises for the Development and Production of Comic and Animation Products (Caiguanshui '2011' No.27). 
 
According to this Notice, exemptions of import duties and VAT were given to the qualified companies, which must be registered in China in accordance with Chinese laws, including joint ventures and foreign-owned companies, have capabilities for self-developing, must produce cartoon products, and have the registered capital of no less than 800,000 RMB.