![]() Imported products taxable under China’s consumption tax include those that are harmful to one’s health like tobacco or alcohol, luxury goods like jewelry and cosmetics, and high-end products, such as passenger cars and motorcycles.įor imported goods, the consumption tax rate varies depending on the type of product being brought into the country.Ĭalculating consumption tax can be done by using either the ad valorem method, quantity-based method, or the compound tax method. We can help you set up a trading company.Value-added tax for imported goodsįrom April 1, 2019, China’s import VAT on imported goods has been lowered to either 9 percent or 13 percent, down from the previous 10 percent or 16 percent, according to the Announcement of the State Taxation Administration (STA) on Deepening the Reform of VAT ( STA Announcement No.39). Governing this intricate system is a central list of general principles for foreign companies to abide by. Below, we explain the three types of taxes applicable to companies importing products from or exporting products to China – Value-added tax (VAT), consumption tax (CT), and customs duties, and outline the most significant issues relating to these taxes and duties that foreign companies should take note of. These changes could affect companies that import and export taxable goods and services with China. Read the section on customs duties in this article for more information.Ĭhina has promulgated a series of regulations to reduce import-export taxes and duties to promote a higher level of openness and domestic consumption. Starting January 1, 2022, China has further adjusted parts of its customs duties, including most-favored-nation (MFN) duty rates, conventional duty rates, and provisional duty rates for some import products.This article explains three types of taxes – value-added tax (VAT), consumption tax, and customs duties – that foreign companies exporting to or importing from China must understand. ![]() It was last updated on December 22, 2021. See /privacy for more information.This article was originally published in March 2013. ![]() You can also check out our Coffee Break Chinese Twitter page and the Coffee Break Languages YouTube channel. If you'd like to find out what goes on behind the scenes here at Coffee Break Languages, follow on Instagram. Access the Coffee Break Chinese Facebook page here. Remember - a few minutes a day can help you build your confidence in the language. If you'd like to benefit from video versions, lesson notes and bonus audio materials, you can access the premium version of Coffee Break Chinese in the Coffee Break Academy.ĭon't forget to follow Coffee Break Chinese on Facebook where we post language activities, cultural points and review materials to help you practise your Chinese. Just stay subscribed to the podcast to enjoy each episode. This season of Coffee Break Chinese features a total of 40 lessons, all of which will be included in the podcast feed. ![]() If you've never learned Chinese before this lesson is perfect for you. You'll also learn to ask "how are you?" in Mandarin and answer this question in a number of ways. In lesson 1, you'll learn to say "hello" and "goodbye". Join teacher Crystal and learner Mark for this coffee break lesson and start learning the basics today. Welcome to this first lesson in our brand new series which will help you learn Mandarin Chinese. ![]()
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