GACC Announcement No.2, 2015 (on Petroleum Products Import Consumption Tax Hike)
[2015-01-15 11:18:10]
In view of environmental governance, energy saving and emission reduction, upon State Council approval, hereby announced are further increases in China's import-based consumption tax on petroleum products:
1. As regards gasoline, naphtha, solvent oil and lubricating oil, the import consumption tax is raised in unit amount from CNY 1.4/liter to CNY 1.52/liter.
2. As regards diesel oil, aviation kerosene and fuel oil, the import consumption tax is raised in unit amount from CNY 1.1/liter to CNY 1.2/liter. However, aviation kerosene import consumption tax will remain in suspension.
This Announcement shall enter into effect on January 13, 2015.
Annex: Petroleum Products Import Consumption Tax Rates List
General Administration of Customs of China (GACC)
January 12, 2015
1. As regards gasoline, naphtha, solvent oil and lubricating oil, the import consumption tax is raised in unit amount from CNY 1.4/liter to CNY 1.52/liter.
2. As regards diesel oil, aviation kerosene and fuel oil, the import consumption tax is raised in unit amount from CNY 1.1/liter to CNY 1.2/liter. However, aviation kerosene import consumption tax will remain in suspension.
This Announcement shall enter into effect on January 13, 2015.
Annex: Petroleum Products Import Consumption Tax Rates List
General Administration of Customs of China (GACC)
January 12, 2015
Source: ETCN
Related Articles:
- GACC Announcement No.24, 2015 (on Tax E-Pay in Paperless Customs Clearance)
(2015-06-05) - China Tax Admin Announcement No.13, 2014 on Foreign-Trade Serving Firms' Export Refund (Exemption)
(2014-03-18) - China Sets Tax on Low-grade Coal Imports; Impact on Indonesia Supplies Unclear
(2013-09-03) - LCCI Seeks Cut in Tax on Hybrid Cars' Import
(2013-05-23) - Consumption Imports to China Slightly Down in Jan-Feb 2013
(2013-04-27) - GACC Announcement No.18, 2013 on Tax Relief for Encouraged Investment Projects
(2013-04-11) - India Up Duty & Tax on High-end Consumer Goods
(2013-03-11) - Consumption Imports to China Steadily Up in Jan. 2013
(2013-03-04) - Consumption Imports to China Slow in Jan-Nov 2012
(2013-02-21) - EU to Tax More Imports of Chinese Steel Pipes
(2013-02-21)
Most Read
- GACC Announcement No.10, 2017 on China-South Korea Goods Origin Info Exchange System
(2017-02-09) - Explanations on Compilation & Release of the "China Export Leading Indicator"
(2014-07-10) - GACC Announcement No.26, 2016 on (Cross-Border E-Commerce Retail Import/Export Control)
(2016-05-10) - GACC Announcement No.46, 2015 (on Uniform Social Credit Code Implementation)
(2015-10-10) - GACC Announcement No. 32, 2016 on (Uniform Social Credit Code for Legal Persons & Organizations)
(2016-05-13) - AQSIQ-CNCA Announcement No. 117, 2012 on Compulsory Certification-Free Products
(2012-08-16) - China Tariffs Implementation Plan for 2013
(2012-12-27) - China Bans Export of Protected Fossils
(2010-11-25) - Announcement of the General Administration of Customs of P. R. China, No. 43, 2010
(2010-07-06) - AQSIQ Announcement No.54, 2014 on China-Switzerland FTA Certificate of Origin
(2014-05-16)
