China Lowers Import Duties on iPads and Electrical Goods

Posted on by

Jan. 28 – The State Council approved measures to lower import duties on electrical products from 20 percent to 10 percent, with these measures effective from yesterday (January 27), the State Council Tariffs Commission has announced in a surprise move. Products with reduced import duties include computers and cameras, and has the effect of reducing, for example, duty tax on iPads from RMB1,000 (US$152) to RMB500 (US$76). Video cameras are not included in this category, and stay at the 20 percent level.

China’s current import duty covers tariff, value added tax and consumption tax. The move is probably timed to permit Chinese nationals traveling to Hong Kong and other overseas destinations over the Chinese New Year holidays to enjoy lower rates elsewhere for the products and not confront them with an expensive bill when reentering China.

Related Reading
Tax Exemptions for Advanced Technologies and Equipment

China Customs Add Administrative Processes for Importing Trade Goods

Leave a Reply

Your email address will not be published. Required fields are marked *

Dezan Shira & Associates

Meet the firm behind our content. Dezan Shira & Associates have been servicing foreign investors in China, India and the ASEAN region since 1992. Click here to visit their professional services website and discover how they can help your business succeed in Asia.

News via PR Newswire

Never Miss an Update

Subscribe to gain even better insights into doing business throughout the China. Subscribing also lets you to take full advantage of all our website features including customizable searches, favorites, wish lists and gift functions and access to otherwise restricted content.

Scroll to top