The inaugural CIIE will take place at the National Exhibition and Convention Center (Shanghai) on Nov 5, 2018. [Photo/VCG]
China announced Thursday it would exempt import tariffs for certain amounts of foreign goods at the first China International Import Expo (CIIE). During the expo taking place from Nov. 5 to 10, consumers can enjoy a 30-percent discount on these foreign products from their import value-added tax and consumption tax, the Ministry of Finance said in a statement on its website.
財政部通知明確,對2018年11月5日至2018年11月10日期間舉辦的首屆進口博覽會展期內銷售的合理數(shù)量的進口展品免征進口關稅,進口環(huán)節(jié)增值稅、消費稅按應納稅額的70%征收。
此次稅收優(yōu)惠政策(favorable tax policy)是作為支持首屆進口博覽會的一次性支持政策(one-time policy)。享受稅收優(yōu)惠政策的展品不包括國家禁止進口商品(prohibited imports)、瀕危動植物及其產品(endangered animals, plants and their byproducts)、國家規(guī)定不予減免稅的20種商品和汽車(autos and 20 other named products)。
Companies that are not on the list will also be eligible for favorable policies, but their sales that surpass $20,000 will not enjoy the tax reference.
其他參展企業(yè)享受稅收優(yōu)惠政策的銷售限額不超過2萬美元。
財政部還在官網公布了首屆進口博覽會享受稅收優(yōu)惠政策的展品清單(list of goods eligible for the favorable policies),并規(guī)定列出的參展企業(yè)享受上述稅收優(yōu)惠政策的銷售限額不超過列表額度。