ANNOUNCEMENT 10 Nov 2008

In November 2008, the government of China announced a change in the tax legislation for exporters.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE



540
http://www.chinatax.gov.cn/n810341/n810765/n812171/n812680/c1190911/content.html


Inception date: 01 Jan 2009 | Removal date: open ended

Tax-based export incentive

On 10 November 2008, the State Council approved and published "the Provisional Regulations of the People's Republic of China on Business Tax."Among the regulations, Article No. 8 points out that the insurance of exported goods can be exempted from the current 5% business tax for finance and insurance industry. The insurance providers should also be registered in China.
The new policy will be effective on 1 January 2009.
 

AFFECTED SECTORS

 
713

AFFECTED PRODUCTS

 
N/A