According to theAnnouncement of the Customs Tariff Commission of the State Council on Adjusting the Tariffs in 2023(the 2023 Tariff Adjustment Plan), in 2023, China will impose tariffs on 8,948 tax items, and the country’s overall tariff level will be reduced from7.4 percentto 7.3 percent. ...
= (Duty-Paid Price + Import Duty) / (1-Consumption Tax Rate) × VAT Rate Example of VAT Calculation For example, you want to import unroasted and caffeinated coffee beans into China valued at CNY 2000. The VAT rate for this product is 13%. To determine t...
= (Duty-Paid Price + Import Duty + Consumption Tax) × VAT Rate = (Duty-Paid Price + Import Duty) / (1-Consumption Tax Rate) × VAT Rate Consumption tax for imported goods China’s consumption tax (CT) is imposed on companies and organizations that manufacture and import taxable products...
The Pillar Two global minimum tax rules (“model rules”) have been agreed by more than 140 members of the inclusive framework. Jurisdictions are in the process of implementing rules in local legislation, which began to apply as from January 2024. The Pillar Two rules apply to large multinatio...
instrument with the sum of RMB 740 billion. Second, the value-added tax rebate reached RMB 2.3 trillion in 2022, which amounted to 36% of total value-added tax income in 2021. Third, a RMB 1.46 trillion quota of special-purpose bond in 2023 was utilized in advance by local government ...
Basic StatisticYouth unemployment rate in China in 2023 Basic StatisticInflation rate in China 2014-2029 Basic StatisticImport of goods to China 2014-2024 Premium StatisticMain import partners of China 2024, by import value Basic StatisticExport of goods from China 2014-2024 ...
Provisional import tariffs: 935 items will be subject to provisional import tariff rates. Tariff quotas: Tariff quota management will continue to be implemented on eight categories of commodities, namely wheat, corn, rice, sugar, wool, wool top, cotton, and fertiliser. The tax rates will remain...
The surplus in goods trade reached 392.3 billion yuan, the highest monthly level in 2023. Regarding primary items, the export and import of transport services, travel services, and other business services registered 142 billion yuan, 106.5 billion yuan, and 88 billion yuan, respectively. ...
World Insights: China's import expo boosts global companies' business expansion 来源：西部网 转自：Xinhua This photo taken on Oct. 31, 2023 shows the street view near the venue for the 6th China International Import Expo (CIIE) in east China's Shanghai. (Xinhua/Wang Xiang)The China ...
In 2023, around 189 million Chinese customers had engaged in cross-border import e-commerce, growing from 167 million the previous year.