China will adjust some import and export tariffs next year
2019-01-13 18:07:13
The Ministry of Finance issued the news on the 14th and was reviewed by the Customs Tariff Commission of the State Council and submitted to the State Council for approval. China will adjust the tariff rates of some import and export tariffs from January 1, 2011. At the same time, the total number of import and export tax items in 2011 will be 7,923 in 2010. Increased to 7,977.
At the end of each year, China will adjust the import and export tariffs for the coming year. The Ministry of Finance stated that compared with previous years, the adjustment efforts were not great, but in the context of accelerating the transformation of economic development methods, the control intentions became more prominent.
One Aspect 1: The MFN tax rate will remain unchanged next year China's accession to the World Trade Organization's tax reduction commitments was fulfilled in 2010. The Ministry of Finance stated that China’s MFN tax rate will remain unchanged in 2011.
On this basis, we will continue to implement tariff quota management on three kinds of chemical fertilizers including wheat and other seven kinds of agricultural products and urea, and implement a temporary quota tax rate of 1% for three kinds of chemical fertilizers such as urea. A tax-adjusted tax will be applied to the import of a certain amount of cotton for customs duties and additional taxes. Continuing to implement specific taxes or compound taxes on 55 products such as frozen chickens, among which the amount of specific taxes for certain goods has been appropriately adjusted.
Aspect 2: Highlighting the Intention of Energy Saving and Emission Reduction Control The Ministry of Finance stated that in 2011, China will implement a low annual import tariff for more than 600 resources, basic raw materials and key components and parts. Among them, the first-ever annual import tariffs include resource commodities such as propane and butane, basic raw materials such as fatty acids, polyimide films, and titanium ribbons, high-definition cameras, polarizers for liquid crystal projectors, and electronic parking brakes. System and other key components.
According to changes in the domestic production capacity, technological level, and supply-demand relationship, China will also increase or cancel the annual import tariffs for carbon fiber yarns, ion-exchange membranes, superchargers for cars and other commodities.
In addition, in 2011, China will continue to impose export tariffs on "two high and one capital" products such as coal, crude oil, fertilizers, and non-ferrous metals in the form of tentative tax rates. To regulate the export of rare earths and ease the trend of rising prices of fertilizers, China has also increased the export tariffs on individual rare earth products, and appropriately adjusted the time period for applying tariffs for fertilizers during the export season and the base price for export duties in the off-season to protect the demand for domestic fertilizers in spring.
The just-concluded Central Economic Work Conference emphasized that accelerating the transformation of the economic development model will become a main thread throughout the entire economic development next year. The reporter learned from the Ministry of Finance that tariff adjustments next year also highlight the regulatory intentions of “advancing economic restructuring, strengthening energy conservation and emission reduction, and ecological environmental protectionâ€.
Aspect 3: More countries and regions will enjoy the treaty tax rate for the expansion of bilateral and multilateral economic and trade cooperation. Next year, China will base on free trade agreements or preferential tariff agreements with relevant countries or regions. It is native to ASEAN countries, Chile and Pakistan. Some of the imported products of New Zealand, Peru, South Korea, India, Sri Lanka, Bangladesh and other countries implement a treaty tax rate lower than the MFN rate.
At the same time, under the framework of the Closer Economic Partnership Arrangement between the Mainland and Hong Kong and Macau, zero tariffs will be imposed on products originating in Hong Kong and Macau and which have already established preferential standards for origin. Pursuant to the Early Trade Plan for Commodity Trade under the Cross-Strait Economic Cooperation Framework Agreement, a contracted rate of more than 500 early-early harvested products originating in the Taiwan region has been implemented since 2011.
In addition, China will continue to apply preferential tax rates to certain products originating in 41 LDCs, such as Laos, Sudan and Yemen.
At the end of each year, China will adjust the import and export tariffs for the coming year. The Ministry of Finance stated that compared with previous years, the adjustment efforts were not great, but in the context of accelerating the transformation of economic development methods, the control intentions became more prominent.
One Aspect 1: The MFN tax rate will remain unchanged next year China's accession to the World Trade Organization's tax reduction commitments was fulfilled in 2010. The Ministry of Finance stated that China’s MFN tax rate will remain unchanged in 2011.
On this basis, we will continue to implement tariff quota management on three kinds of chemical fertilizers including wheat and other seven kinds of agricultural products and urea, and implement a temporary quota tax rate of 1% for three kinds of chemical fertilizers such as urea. A tax-adjusted tax will be applied to the import of a certain amount of cotton for customs duties and additional taxes. Continuing to implement specific taxes or compound taxes on 55 products such as frozen chickens, among which the amount of specific taxes for certain goods has been appropriately adjusted.
Aspect 2: Highlighting the Intention of Energy Saving and Emission Reduction Control The Ministry of Finance stated that in 2011, China will implement a low annual import tariff for more than 600 resources, basic raw materials and key components and parts. Among them, the first-ever annual import tariffs include resource commodities such as propane and butane, basic raw materials such as fatty acids, polyimide films, and titanium ribbons, high-definition cameras, polarizers for liquid crystal projectors, and electronic parking brakes. System and other key components.
According to changes in the domestic production capacity, technological level, and supply-demand relationship, China will also increase or cancel the annual import tariffs for carbon fiber yarns, ion-exchange membranes, superchargers for cars and other commodities.
In addition, in 2011, China will continue to impose export tariffs on "two high and one capital" products such as coal, crude oil, fertilizers, and non-ferrous metals in the form of tentative tax rates. To regulate the export of rare earths and ease the trend of rising prices of fertilizers, China has also increased the export tariffs on individual rare earth products, and appropriately adjusted the time period for applying tariffs for fertilizers during the export season and the base price for export duties in the off-season to protect the demand for domestic fertilizers in spring.
The just-concluded Central Economic Work Conference emphasized that accelerating the transformation of the economic development model will become a main thread throughout the entire economic development next year. The reporter learned from the Ministry of Finance that tariff adjustments next year also highlight the regulatory intentions of “advancing economic restructuring, strengthening energy conservation and emission reduction, and ecological environmental protectionâ€.
Aspect 3: More countries and regions will enjoy the treaty tax rate for the expansion of bilateral and multilateral economic and trade cooperation. Next year, China will base on free trade agreements or preferential tariff agreements with relevant countries or regions. It is native to ASEAN countries, Chile and Pakistan. Some of the imported products of New Zealand, Peru, South Korea, India, Sri Lanka, Bangladesh and other countries implement a treaty tax rate lower than the MFN rate.
At the same time, under the framework of the Closer Economic Partnership Arrangement between the Mainland and Hong Kong and Macau, zero tariffs will be imposed on products originating in Hong Kong and Macau and which have already established preferential standards for origin. Pursuant to the Early Trade Plan for Commodity Trade under the Cross-Strait Economic Cooperation Framework Agreement, a contracted rate of more than 500 early-early harvested products originating in the Taiwan region has been implemented since 2011.
In addition, China will continue to apply preferential tax rates to certain products originating in 41 LDCs, such as Laos, Sudan and Yemen.
Open Type Diesel Generator,Turbine Generator,Diesel Generating Set
Raygong Electrical Machinery Co., Ltd. , http://www.fagenerator.com