relative file path for layout
Skip to main content  Skip to search  Skip to main menu
Trade and Industry Department The Government of the Hong Kong Special Administrative Region
Brand Hong Kong - Asia world city
MY COLOUR

Commercial Information Circulars

24-hour hotline : 23 922 922

e-mail address : enquiry@tid.gov.hk

Ref. : EIC 631/2/7
EIC 631/2/9

9 December 2011

Dear Sirs,

Commercial Information Circular No. 787/2011

The Mainland of China : Notice Concerning Taxation Policy for Imports of Equipment for Processing Trade Enterprises Restructured into Legal Person Enterprises

The Ministry of Finance, the Ministry of Commerce, the General Administration of Customs and the State Administration of Taxation jointly issued a notice concerning the taxation policy for imports of equipment for processing trade enterprises restructured into legal person enterprises. According to the notice:

  1. for processing trade enterprises without legal person status utilizing all non-priced equipment supplied by foreign enterprises as capital for establishing legal person enterprises during 1 July 2011 to 31 December 2012, or for processing trade enterprises wholly transferring all non-priced equipment as capital to legal person enterprises with the same source of investment during 1 July 2009 to 31 December 2012, they could have the non-priced equipment which are still under customs supervision exempted from levy of import tariffs and value-added tax provided that the equipment concerned have been completed processing trade registration on or before 31 December 2008 and declared for import on or before 30 June 2009. The counting of the customs supervision period for the non-priced equipment concerned will be continued.

  2. for processing trade enterprises without legal person status restructured into legal person enterprises during 9 September 2008 to 30 June 2009, the non-priced equipment which have been transferred to the legal person enterprises and are still under customs supervision can be regarded as capital investment and exempted from levy of import tariffs and value-added tax. The counting of the customs supervision period for the non-priced equipment concerned will be continued.

2.For details, please refer to a copy of the notice (available in Chinese only) at Appendix (pdf format).

ENQUIRIES

3.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.