GACC Announcement No.74, 2016 on Small Car Consumption Tax Adjustment
[2016-12-13 17:13:47]
China’s State Council has approved of adjusting the consumption tax policy on small cars from 1 December 2016, so the GACC hereby announces relevant implementation matters with the import of small cars:
The importer shall make their Customs declaration compliant, truthful and accurate. As from 1 December 2016, where a small car is imported on consumption tax for private use by China’s diplomatic personnel at abroad, foreign firms or personnel in China, or by China-foreign government agreements at the duty-paid price not less than CNY 1.3 Million per car, the taxation/exemption status shall be described as “特案” (special case) in the Import Declaration Form.
Regarding the small cars without the above coverage, their declaration requirements remain unchanged.
General Administration of Customs of China (GACC)
November 30, 2016
The importer shall make their Customs declaration compliant, truthful and accurate. As from 1 December 2016, where a small car is imported on consumption tax for private use by China’s diplomatic personnel at abroad, foreign firms or personnel in China, or by China-foreign government agreements at the duty-paid price not less than CNY 1.3 Million per car, the taxation/exemption status shall be described as “特案” (special case) in the Import Declaration Form.
Regarding the small cars without the above coverage, their declaration requirements remain unchanged.
General Administration of Customs of China (GACC)
November 30, 2016
Source: ETCN
Related Articles:
- GACC Announcement No.45, 2017 on Lump-Sum Duties/Tax Collection
(2017-09-28) - 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) - 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) - EU to Tax More Imports of Chinese Steel Pipes
(2013-02-21) - Chinese Lighter Makers Evade EU Tax Via Vietnam
(2012-07-23) - India Considers Expanding Tax on Imported Power Gear
(2012-07-13)
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) - Joint Announcement No.39, 2017 on Solid Wastes Import Control Catalogs
(2017-09-01) - GACC Announcement No.46, 2015 (on Uniform Social Credit Code Implementation)
(2015-10-10) - MOFCOM Decree No.3, 2014 on Overseas Investment Managing Measures
(2014-10-11) - AQSIQ-CNCA Announcement No. 117, 2012 on Compulsory Certification-Free Products
(2012-08-16) - GACC Announcement No. 32, 2016 on (Uniform Social Credit Code for Legal Persons & Organizations)
(2016-05-13) - 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)
