Commercial Information Circulars
24-hour hotline : 23 922 922
e-mail address : enquiry@tid.gov.hk
| Ref | : | EIC 631/2/7 |
| EIC 631/2/7/1 |
2 January 2009
Dear Sirs,
Commercial Information Circular No. 2/2009
The Mainland of China : Notice Concerning Adjustment to Certain Preferential Taxation Policies for Imports of Equipment
The Ministry of Finance, the General Administration of Customs and the State Administration of Taxation have recently issued a notice announcing that, to coordinate with the national value-added tax transformation and reform, certain preferential taxation policies for imports of equipment will be adjusted with effect from 1 January 2009. After the adjustment, value-added tax on import, which is exempted for imports of equipment meeting the relevant requirements, will be resumed. The exemption of import tariff will be maintained in accordance with the original requirements. A copy of the notice is attached at Annex (pdf format) for reference.
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For details of the "Provisional Regulations on Value-added Tax of the People's Republic of China" and its implementation rules, please refer to CIC No. 566/2008 dated 17 November 2008 and CIC No. 647/2008 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 Meea WONG)
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. |