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Global Trade Alert

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China: New Import Tax Rebate on Liquefied Natural Gas

Description

When import prices are above domestic wholesale prices, 7 specified Chinese importers will benefit from a VAT reduction to compensate for the difference. Refunds would be given proportional to the dif...

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Intervention Details

Intervention Type

Import incentive

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

01 Jan 2011

Revocation date

29 Dec 2020

Implementation level

National

Affected flow

Inward

Announced as temporary

No

Eligible firms

firm-specific

Affected Trading Partners

Graph

Table

Affected Sectors

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Affected Products

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