ANNOUNCEMENT 30 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 30 December 2014, the Ministry of Finance issued Notice No. 118 of 2014. To promote Chinese cultural services, revenues from service provision abroad shall be exempted from the Chinese business tax. The eligible services are:

  1. Repairing or protecting the historical sites or heritages.
  2. Providing traditional medical services listed in the "Intangible Cultural Heritage Catalog"

The policy will be effective on 1 January 2015. 
 

AFFECTED SECTORS

 

AFFECTED PRODUCTS

 
N/A