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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

Graph

Table

Affected Sectors

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Affected Products

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