China Offers Zero Tariff Treatment on 95 Percent of Tax Items Imported from 29 Countries

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Jul. 10 – The General Administration of Customs (GAC) of China promulgated GAC Announcement [2013] No.34 on July 1, 2013, which offers zero tariff treatment on 95 percent of tax items (7,831 tax items) imported from 29 least developed countries that have established diplomatic relations with China.

It also stipulates that import products originating from the Republic of Vanuatu could enjoy the preferential tariff rate listed for the 7,831 tax items within the period from July 1, 2013, to December 31, 2015.

The following least developed countries which have not completed formalities will still enjoy the preferential tariff rate listed in Attachment 6 of GAC Announcement [2012] No.63:

  • The Republic of Equatorial Guinea
  • The Islamic Republic of Mauritania
  • The Republic of Sierra Leone
  • The Republic of the Senegal
  • The Somali Democratic Republic
  • The United Republic of Tanzania
  • The Republic of Chad
  • The People’s Republic of Bangladesh
  • The Independent State of Samoa

The least developed countries included in Announcement 34 are:

  • Federal Democratic Republic of Ethiopia
  • The Republic of Angola
  • The Republic of Benin
  • The Republic of Burundi
  • The Republic of Togo
  • The State of Eritrea
  • The Democratic Republic of Congo
  • The Republic of Djibouti
  • The Republic of Guinea
  • The Republic of Guinea-Bissau
  • The Union of Comoros
  • The Kingdom of Lesotho
  • The Republic of Liberia
  • The Republic of Rwanda
  • The Republic of Madagascar
  • The Republic of Malawi
  • The Republic of Mali
  • The Republic of Mozambique
  • The Republic of Niger
  • The Republic of the Sudan
  • The Republic of Uganda
  • The Republic of Zambia
  • The Central African Republic
  • The Islamic Republic of Afghanistan
  • The Democratic Republic of Timor-Leste
  • The Kingdom of Cambodia
  • The Republic of the Union of Myanmar
  • The Democratic Republic of Nepal
  • The Republic of Yemen

A detailed catalog of the applicable tax items can be downloaded here.

Dezan Shira & Associates is a specialist foreign direct investment practice, providing corporate establishment, business advisory, tax advisory and compliance, accounting, payroll, due diligence and financial review services to multinationals investing in emerging Asia. Since its establishment in 1992, the firm has grown into one of Asia’s most versatile full-service consultancies with operational offices across China, Hong Kong, India, Singapore and Vietnam as well as liaison offices in Italy and the United States.

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