Notice of the State Council Customs Tariff Commission on Adjustment Scheme of Provisional Import Tax Rate in 2020
Tax Commission [2019] No.50
General Administration of Customs:
In order to optimize the trade structure and promote high-quality economic development, according to the relevant provisions of the Regulations on Import and Export Tariffs of People’s Republic of China (PRC), the import tariffs of some commodities have been adjusted since January 1, 2020. Now, the Adjustment Plan for Provisional Import Tax Rates in 2020 is printed and sent to your department. For details, please refer to the annex.
Attachment: Adjustment plan for provisional import tax rate in 2020.
The State Council Customs Tariff Commission
December 18, 2019
attachment
Adjustment schemes such as provisional import tax rate in 2020.
I. Adjusting the import tariff rate
(1) Most-favored-nation tax rate.
1. Since January 1, 2020, a provisional import tax rate will be imposed on 859 commodities (excluding commodities with tariff quotas); Since July 1, 2020, the provisional tax rates for seven items of information technology products will be cancelled (see Schedule 1).
2. The fifth step of reducing the MFN tariff rate of information technology products listed in the schedule of the Amendment to the Tariff Schedule of People’s Republic of China (PRC)’s Accession to the World Trade Organization will be implemented from July 1, 2020 (see Schedule 2).
(2) Tariff quota rate.
We will continue to implement tariff quota management for eight categories of commodities such as wheat, and the tax rate will remain unchanged. Among them, the quota tax rate of urea, compound fertilizer and ammonium hydrogen phosphate will continue to be 1%. Sliding duties will continue to be applied to a certain amount of cotton imported beyond the quota (see Table 3).
(3) The agreed tax rate and preferential tax rate.
1. According to the trade agreements or preferential tariff arrangements signed between China and relevant countries or regions, in addition to the agreed tax rates previously approved by the State Council, since January 1, 2020, the agreed tax rates of bilateral trade agreements between China and New Zealand, Peru, Costa Rica, Switzerland, Iceland, Singapore, Australia, South Korea, Chile, Georgia and Pakistan and the Asia-Pacific trade agreements have been further reduced. From July 1, 2020, according to the provisions of the bilateral trade agreement between China and Switzerland and the Asia-Pacific trade agreement, the relevant agreement tax rate will be further reduced (see Schedule 5).
When the MFN tax rate is lower than or equal to the agreed tax rate, if there are provisions in the agreement, the provisions of the relevant agreement shall prevail; If there are no provisions in the agreement, the two shall apply from the lower level.
2. Except Equatorial Guinea, preferential tax rates will continue to be applied to other least developed countries that have established diplomatic relations with China and completed the exchange of letters. Since January 1, 2020, Equatorial Guinea has ceased to enjoy zero-tariff preferential treatment.
Second, the export tariff rate
From January 1, 2020, export duties will continue to be levied on 107 commodities such as ferrochromium, and the export tax rate or provisional export tax rate will apply, and the scope and tax rate of the commodities to be levied will remain unchanged (see Table 4).
Third, the implementation time
Unless otherwise specified, the above scheme will be implemented as of January 1, 2020.
Schedule: 1. Provisional tax rate table for imported goods
2. Table of MFN tariff rates for some information technology products
3 tariff quota commodity tax items and tax rates table
4. Export commodity tax rate table
5. Table of agreed tariff rates of imported commodities for further tax reduction
Attachment download:
Schedule 1. Provisional tariff table for imported goods
Schedule 2. Table of Most Favoured Nation Tax Rates for Some Information Technology Products
Schedule 3. Tariff quota commodity tax items and tax rates table
Schedule 4. Export Commodity Tax Rate Table
Schedule 5. Table of Agreed Tariff Rates of Imported Commodities for Further Tax Reduction