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CIRCULAR OF THE STATE COUNCIL ON STARTING LEVY OF IMPORT REGULATORY TAXES ON CERTAIN

CIRCULAR OF THE STATE COUNCIL ON STARTING LEVY OF
IMPORT REGULATORY TAXES ON CERTAIN IMPORT GOODS

 (Proclaimed on June 26, 1985 by the State Council)

 

 



SUBJECT: TAXATION

ISSUING-DEPT: STATE COUNCIL OF CHINA

ISSUE-DATE: 06/26/1985

IMPLEMENT-DATE: 06/26/1985

LENGTH: 646 words

TEXT:

Recently, some regions and units have spent large amounts of foreign exchange by blindly importing commodities and complete sets of unassembled parts, where there is a great price differential between the domestic and international price.  This has had a detrimental effect on the further development of the national economy.  Besides intervening with administrative measures, these problems must be regulated by further economic measures.  Therefore it has been decided that at the same time as Customs duty and import linked Product Tax (or Value Added Tax) is levied on certain commodities, Import Adjustment Tax will also be levied.  The relevant issues are as follows:

(1) Taxable products: motor cars, coaches, work vans, cross-country vehicles and other small motorised passenger vehicles, trucks under 8 tonnes, motor cycles, video recorders, photocopiers, colour projection, television sets, television kinescopes, electronic calculators, microcomputers and peripherals in processed polyester thread and chemical fibre fabrics.  For the adjustment tax rate on taxable items see the table in the appendix.

(2) Import Adjustment Tax will be levied (or a supplementary payment will be levied) by Customs authorities at the same time as Customs duty is levied.

(3) The Import Adjustment Tax shall be levied on the CIF price of the commodity.

(4) Commodities which are stipulated in measures on the reduction of or exemption from duty and tax formulated by the State Council or the General Administration of Customs and the Ministry of Finance will have a corresponding reduction of or exemption from the Adjustment Tax.

(5) Where a reduction of or exemption from Import Adjustment Tax is required for commodities which are taxable, inspection and approval will be made by the State Economic Commission.  Reduction or exemption will be granted by Customs authorities based on the certificate issued by the State Economic Commission.

(6) Other relevant matters concerning the levying of Adjustment Tax may be handled with reference to the provisions of the "Rules Governing Import and Export Duties of the People's Republic of China".

(7) The tax rate on taxable items and the commencement date for the levying of the Adjustment Tax will be promulgated by the General Administration of Customs.

(8) The various Special Economic Zones and Hainan Administrative District will also carry out matters in accordance with the above regulations.

Appendix

SCHEDULE OF TAXABLE ITEMS AND TAX RATE FOR IMPORT

ADJUSTMENT TAX

Tax

 

Import duty

Import

Regulation

Name of Commodity

   

Adjustment

   

Lowest

General

Tax

Number

       

51.01

1. processed polyester thread

70%

90%

40%

51.04

2. other synthetic fibre fabric

100%

130%

40%

56.07

4. other man-made fibre fabric

100%

130%

40%

 

chemical fibre (staple or silk

100%

130%

40%

 

waste) fabric

 

84.52

1. electronic calculator

60%

80%

80%

84.53

2. digital automatic data

 
 

processing equipment:

 
 

2) digital automatic data

50%

70%

40%

 

processing equipment with less

 
 

than a 32 bit capacity

 
 

3. peripherals; external

30%

40%

30%

 

devices of digital automatic

 
 

data processing equipment with

 
 

less than a 32 bit capacity

 

85.15

4. television receiver and

80%

100%

70%

 

combined system: colour

 
 

projection television set

 

85.21

1. electron tube

30%

40%

50%

 

2. television kinescope

 

87.02

1. motor car, jeep, work van

120%

150%

80%

 

and other small motorised

 
 

passenger vehicles

 
 

6. truck under 8 tonnes (not

50%

70%

50%

 

including 8 tonnes)

 

87.09

Motor cycle, moped and bicycle

120%

150%

20%

 

with supplementary motor; with

 
 

or without a side car, various

 
 

side cars

 

90.10

2. photocopier

50%

70%

80%

92.11

3. audio-video recording and

80%

100%

70%

 

projection equipment

 


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