Mar. 26 – According to the “Circular Regarding Adjustment of Import Duty on Certain Products (shuiweihui  No.4)” issued by the State Tariff Committee, import duty rates for liquid crystal display (LCD) panels and three other categories will be adjusted to interim rates from April 1, 2012.
The import duty rates of LCD panels (32-inches and above) without backlight modules (Tariff Catalog No. 90138030) will be subject to a 5 percent most-favored-nation (MFN) rate instead of the current 3 percent interim rate.
Import duty rates on camera eyepieces with diopter adjustment function (90029010) will be lowered from the 8 percent MFN rate to a 3 percent interim duty, while import duties on other eyepieces with diopter adjustment function (90029090) will be adjusted to a 10 percent interim rate from the current 15 percent MFN rate.
Import duty rates on trimmer knife units for paper-cutting machines (84419010) will be lowered to a 3 percent interim rate from an MFN rate of 8 percent.
Dezan Shira & Associates is a boutique professional services firm providing foreign direct investment business advisory, tax, accounting, payroll and due diligence services for multinational clients in China. The firm specializes in assisting foreign enterprises with their tax obligations. For further advice and specifics relating to these recent measures, please email firstname.lastname@example.org, visit www.dezshira.com, or download the firm’s brochure here.
The China Tax Guide (Fifth Edition)
This popular book, fully updated with all recent tax changes and amendments, details all taxes in China affecting businesses and individuals, how to calculate the amounts due, tax registration and filing procedures, tax minimization techniques, and claiming VAT rebates. It also details good financial management techniques, handling negotiations with the tax bureau and annual audit and compliance procedures.
China Amends Import Duty Policy for Major Technical Equipment
China Processing Plants to Enjoy Tax Exemptions after Converting to FIEs
China Announces Import Tax Treatment to Encouraged Foreign Invested Projects
Six Key Points Regarding China’s Tax Reforms in 2012
Costs on Tax Control Equipment Now VAT Free
Previous Article « Shanghai Issues Trial Procedures for Consolidated CIT Payments by Headquarters
Next Article Planning Your Trademark Strategy for China »
Dezan Shira & Associates´ brochure offers a comprehensive overview of the services provided by the firm. With its team of lawyers, tax experts, auditors and...
Doing Business in China 2023 is designed to introduce the fundamentals of investing in China. Compiled by the professionals at Dezan Shira & Associates in...
With businesses continuously affected by the COVID-19 pandemic and other economic headwinds, financial health and compliance has become more important than...
Tax, Accounting, and Audit in China 2022/23 offers a comprehensive overview of the major taxes foreign investors are likely to encounter when establishing or...
China remains the world’s hottest market for several industries, with high prospects for growth, innovation, and investment. Alongside the optimistic...
A firm understanding of China’s laws and regulations related to human resources and payroll management is absolutely necessary for foreign businesses in...
Dezan Shira & Associates helps
businesses establish, maintain,
and grow their operations.
Stay Ahead of the curve in Emerging Asia. Our subscription service offers regular regulatory updates,
including the most recent legal, tax and accounting changes that affect your business.