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Global Trade Alert

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China: Import tax exemptions for offshore oil and gas exploration during 15th Five-Year Plan

Description

On 13 February 2026, the Chinese government adopted Caiguanshui 2026/16, introducing tax relief by exempting import tariff and import VAT for equipment, instruments, spare parts, and specialised tools...

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Intervention Details

Intervention Type

Tax or social insurance relief

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

01 Jan 2026

Revocation date

31 Dec 2030

Implementation level

National

Affected flow

Inward

Announced as temporary

Yes

Eligible firms

all

Affected Trading Partners

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Affected Sectors

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Affected Products

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