China Briefing News

China Processing Plants to Enjoy Tax Exemptions after Converting to FIEs


China has recently clarified that import value-added tax and custom duty exemptions can be granted for non-priced equipment imported by outward processing entities, when these entities obtain a legal personality as a foreign-invested corporation and meet other related criteria.

China Announces Import Tax Treatment to ‘Encouraged’ Foreign-Invested Projects


In Announcement [2012] No.4 released on January 29, the Chinese General Administration of Customs clarified the favorable import tax treatment to “encouraged” foreign-invested projects.

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