China Regulates Vessel Import Tax Policies (CaiGuanShui [2014] No.5 Notice)
[2014-02-19 17:13:55]
To the General Administration of Customs of China:
In view of the fact that, in recent months, some regional administrations registered import vessels under bond through bonded ports without relevant approval by the State Council, hereby announced is the regulation on the taxation concerning vessel imports:
The bonded import applied to such customs supervision zones as the bonded ports is not applicable to the inbound vessels that cannot really enter those zones. Therefore, except the vessels eligible for the import taxation policies on Chinese-invested "flag-of-convenience" vessels, any other inbound vessels registered within the customs supervision zones shall be subjected to normal customs-declaration procedures and current taxation policies including payment of import duties and value-added tax.
The Ministry of Finance of China
The State Administration of Taxation of China
January 28, 2014
Source: ETCN
Related Articles:
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) - Customs Announcement No. 84, 2010 on 2011 Time-Table for Statistics Release
(2010-12-30)
