State council: import duties on some items were reduced to 13% and 20%
发布日期：2019-04-22
According to the website of the Ministry of Finance, the customs tariff committee of the State Council has decided to adjust the import tax on imported articles with the approval of the State Council.
The relevant notice is as follows: 1. Reduce the tariff rates of import duties of entry articles to 13% and 20% respectively. 2. Revise the annotation of "drugs" in tax item 1 to read "imported drugs that are subject to import value-added tax at a reduced rate of 3% as stipulated by the state shall be taxed according to the tax rate of goods". 3. The above adjustment will take effect from April 9, 2019.
Tariff commission of the state council, said in order to promote to increase imports and consumption, better embody the people centered concept of development, meet the need of a better life, people in combination with the VAT tax by major reform measures, such as approved by the state council, the state council tariffs commission decided to adjust the import duties on imported articles since April 9 (commonly known as row mail tax). This adjustment includes two aspects: first, the tax rate of item 1 and item 2 will be lowered from the current 15% and 25% to 13% and 20% respectively; Second, the annotation of "drugs" in tax item 1 shall be revised as follows: for imported drugs (including cancer drugs and rare diseases drugs) that are subject to import value-added tax at a reduced rate of 3% as stipulated by the state, the tax shall be levied according to the tax rate of goods.
According to the customs tariff commission of the State Council, postal tax is an import tax levied jointly on the customs duties, import value-added tax and consumption tax of articles carried or delivered into China by individuals. In order to maintain a level and competitive market environment, the tariff rates of each item of the levy should be broadly in line with the consolidated tariff rates of the same type of imported goods included in that item.
According to the tariff commission of the State Council, the VAT rates on imported goods have been adjusted from 16 percent and 10 percent to 13 percent and 9 percent since April 1. From March 1, the import value-added tax of medicines for rare diseases will be reduced by 3%. In order to benefit the general public directly from the dividends of the VAT reform, the tax rate of postal and postal tax on daily consumer goods has been lowered. The tax rate of goods classified as item 1 such as food has been reduced from 15% to 13%, and the tax rate of goods classified as item 2 such as textiles has been reduced from 25% to 20%. At the same time, in order to ensure that patients can actually enjoy the tax reduction dividend, the scope of drugs taxed at a lower tax rate (goods tax rate) should be expanded in line with the VAT policy on imported drugs. (source: China economic net)
The relevant notice is as follows: 1. Reduce the tariff rates of import duties of entry articles to 13% and 20% respectively. 2. Revise the annotation of "drugs" in tax item 1 to read "imported drugs that are subject to import value-added tax at a reduced rate of 3% as stipulated by the state shall be taxed according to the tax rate of goods". 3. The above adjustment will take effect from April 9, 2019.
Tariff commission of the state council, said in order to promote to increase imports and consumption, better embody the people centered concept of development, meet the need of a better life, people in combination with the VAT tax by major reform measures, such as approved by the state council, the state council tariffs commission decided to adjust the import duties on imported articles since April 9 (commonly known as row mail tax). This adjustment includes two aspects: first, the tax rate of item 1 and item 2 will be lowered from the current 15% and 25% to 13% and 20% respectively; Second, the annotation of "drugs" in tax item 1 shall be revised as follows: for imported drugs (including cancer drugs and rare diseases drugs) that are subject to import value-added tax at a reduced rate of 3% as stipulated by the state, the tax shall be levied according to the tax rate of goods.
According to the customs tariff commission of the State Council, postal tax is an import tax levied jointly on the customs duties, import value-added tax and consumption tax of articles carried or delivered into China by individuals. In order to maintain a level and competitive market environment, the tariff rates of each item of the levy should be broadly in line with the consolidated tariff rates of the same type of imported goods included in that item.
According to the tariff commission of the State Council, the VAT rates on imported goods have been adjusted from 16 percent and 10 percent to 13 percent and 9 percent since April 1. From March 1, the import value-added tax of medicines for rare diseases will be reduced by 3%. In order to benefit the general public directly from the dividends of the VAT reform, the tax rate of postal and postal tax on daily consumer goods has been lowered. The tax rate of goods classified as item 1 such as food has been reduced from 15% to 13%, and the tax rate of goods classified as item 2 such as textiles has been reduced from 25% to 20%. At the same time, in order to ensure that patients can actually enjoy the tax reduction dividend, the scope of drugs taxed at a lower tax rate (goods tax rate) should be expanded in line with the VAT policy on imported drugs. (source: China economic net)
