After deliberation by the Customs Tariff Commission of the State Council and submitted to the State Council for approval, following the import tariff reduction of some consumer products in December 1, 2017, China will also partially adjust other import and export duties since January 1, 2018.
In 2018, the import tariff adjustment will continue to support the development of innovation driven and the supply side structural reform, to encourage domestic advanced equipment, key parts and energy imports of raw materials, to reduce the temporary import tax rate X digital radiography system of flat panel detector of import tariffs, dobby or jacquard machine, battery cathode materials, advanced pharmaceutical raw materials, coconut chaff commodity; and appropriate to expand the scope of automobile import mould of provisional tax. In July 1, 2018, China will also start third tax cuts for information technology and other products. In July 1st this year on the part of information technology products MFN rate of the implementation of the second tax reduction, this measure will continue to implement the first half of next year, and third times to start reducing tax in July 1st next year, at the same time as the provisional tax on imported parts of information technology products should be adjusted. In 2018, China will continue to implement the APEC environmental product tax reduction commitments and continue to give zero tariff treatment to the least developed countries.
In order to meet the needs of domestic industrial development and import and export management, some tax rules will be adjusted in 2018. The total number of tax items after the adjustment is 8549.
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Post time: Jan-02-2018