Commercial Information Circulars
24-hour hotline : 23 922 922
e-mail address : enquiry@tid.gov.hk
Ref : EIC 631/2/7
22 September 2010
Dear Sirs,
Commercial Information Circular No. 430/2010
The Mainland of China : Notice Concerning Exemption of Consumption Tax for Insulating Oil Products
The State Administration of Taxation has recently issued a notice concerning exemption of consumption tax for insulating oil products, which will take effect on 1 October 2010. A copy of the notice (available in Chinese only) is attached at Appendix (pdf format) for reference.
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For details of the "Notice Concerning Increasing Consumption Tax Rates of Processed Oil" and the "Implementation of Price and Tax Reform of Processed Oil", please refer to CIC Nos. 654/2008 and 652/2008 dated 22 December 2008. For details of "Provisional Regulations on Consumption Tax of the People's Republic of China" and its implementation rules, please refer to CIC No. 567/2008 dated 17 November 2008 and CIC No. 648/2008 dated 18 December 2008 respectively.
ENQUIRIES
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If you have any questions on the content of this circular, please contact Ms. Eugenia CHAN at 2398 5444.
Yours faithfully,
(Miss Angie KWOK)
for Director-General of Trade and Industry
Note :
- While every effort is made to ensure the accuracy of the above information, the Department cannot guarantee this to be so and will not be held liable for any reliance placed on the same.