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Global Trade Alert

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China: Ministry announces commodity reserve firms exempt from certain taxes

Description

On July 18th, 2019, the Chinese State Taxation Administration released Announcement 2019/77 (hereafter, 'Announcement'), which brought into force a preferential tax treatment for certain firms in the ...

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Intervention Details

Intervention Type

Tax or social insurance relief

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

01 Jan 2019

Revocation date

31 Dec 2021

Implementation level

National

Affected flow

Inward

Announced as temporary

Yes

Eligible firms

firm-specific

Affected Trading Partners

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Affected Sectors

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Affected Products

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