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Global Trade Alert

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China: Further tax reductions on imports of certain pharmaceutical drugs

Description

On April 27th, 2018, the Chinese Ministry of Finance announced that it would be reducing import VAT on certain medicines from the standard 17% to 3%. In addition, the announcement also mentioned that ...

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Intervention Details

Intervention Type

Internal taxation of imports

MAST Chapter

F: Price-control measures, including additional taxes and charges

Implementation date

01 May 2018

Revocation date

No revocation date

Implementation level

National

Affected flow

Inward

Announced as temporary

No

Eligible firms

all

Affected Trading Partners

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Affected Sectors

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Affected Products

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