Ministry Of Finance: Completion Of Tax Reduction Commitments After WTO Entry

2010/12/16 17:00:00 54

December 14

Treasury Department

14, released by the State Council

tariff

The Tax Committee has deliberated and submitted to the State Council for approval. China will adjust some import and export tariff tariff rates from January 1, 2011 onwards, while the total number of import and export taxes will increase from 7923 in 2010 to 7977 in 2011.

The Ministry of Finance said that China joined the world.

Trade

The tax reduction commitment of the organization has been fulfilled in 2010, and the MFN rate of China will remain unchanged in 2011.

The Ministry of Finance said that in 2011, China will implement a relatively low annual import tariff rate for more than 600 kinds of resources, basic raw materials and key parts and components.

Among them, the first implementation of the annual import provisional tax rate includes propane, butane and other resource-based commodities, fatty acid, polyimide film, titanium strip and other basic raw material products, high-definition cameras, LCD projector polarizer, electronic parking brake system and other key components.

In addition, in 2011, China will continue to levy export tariffs on products such as coal, crude oil, chemical fertilizer and non-ferrous metals in the form of provisional tax rates.

China has increased the export tariffs of individual rare earth products, and appropriately adjusted the applicable period of the tax holiday season and the export tariff base price in the off-season.