ANNOUNCEMENT 31 Dec 2014

In December 2014, the government of China announced a change in the tax legislation for exporters.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising
Inception date: 01 Jan 2015 | Removal date: open ended
Still in force

Tax-based export incentive

On 31 December 2014, the Ministry of Finance published Notice No. 150 to adjust the current VAT rebate policy to include exports on additional product codes. Based on the notice, 246 product sectors (635 products on the HS 6-digit level) will now benefit from 5% to 17% of the export tax rebate, including processed corn products, high value added products, and textiles. 
 
Due to a lack of recent data, the affected trading partners were identified using UN Comtrade numbers from 2013.

AFFECTED PRODUCTS

 
080290 110100 110812 210390 220710 230310 271600 280450 280490 281290 282590 282690 283531 283539 284169 284290 285300 290124 290542 290543 290544 291469 291532 291570 291811 291816 291899 292149 292219 292229 292241 292249 292250 292429 293090 293299 293319 293329 293339 293349 293359 293391 293399 293430 293491 293499 293712 293719 293723 293729 294000 300210 300220 300230 300290 300490 320300 321410 340600 380190 381700 382200 382312 382474 500400 500500 500710 500720 500790 510610 510620 510710 510720 510810 510820 510910 510990 511111 511119 511120 511130 511190 511211 511219 511220 511230 511290 511300 520411 520419 520420 520511 520512 520513 520514 520521 520522 520523 520524 520526 520527 520528 520532 520534 520542 520543 520544 520546 520547 520548 520611 520612 520613 520614 520621 520622 520623 520624 520631 520632 520633 520641 520642 520643 520644 520710 520790 520811 520812 520813 520819 520821 520822 520823 520829 520831 520832 520833 520839 520841 520842 520843 520849 520851 520852 520859 520911 520912 520919 520921 520922 520929 520931 520932 520939 520941 520942 520943 520949 520951 520952 520959 521011 521019 521021 521029 521031 521032 521039 521041 521049 521051 521059 521112 521119 521120 521131 521132 521139 521142 521143 521149 521151 521152 521159 521211 521212 521213 521214 521215 521221 521223 521224 521225 530610 530620 530890 530911 530919 530921 530929 531010 531090 531100 630110 630120 630130 630140 630190 630210 630221 630222 630229 630231 630232 630239 630240 630251 630253 630259 630260 630291 630293 630299 630312 630319 630391 630392 630399 630411 630419 630491 630492 630493 630499 630510 630520 630532 630533 630539 630590 630612 630619 630622 630629 630630 630640 630690 630710 630720 630790 630800 631010 631090 670300 670411 670419 670420 670490 681599 702000 710490 722540 722691 722790 722830 731511 731512 731519 731520 731590 731600 740710 740721 740729 740811 740819 740821 740822 740829 741011 820220 820900 842489 844332 847050 847971 847979 847989 847990 870310 871110 871120 871130 871140 871190 871200 871310 871390 890391 890392 900110 900190 900290 900580 900661 901180 901210 901310 901720 902110 902131 902139 902140 902150 902190 902219 902229 902230 902290 902410 902480 902920 903020 903031 903032 903033 903039 903082 903141 903149 920110 920120 920190 940429 940430 940490 950490
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