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Global Trade Alert

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China: Tax-free imports for certain equipment for offshore oil and gas exploration projects

Description

In December 2016, the Chinese State Taxation Administration released announcement Cai Guan Shui 2016/69 that granted firms in the offshore oil/gas exploration industry tax-free imports on certain equi...

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Intervention Details

Intervention Type

Tax or social insurance relief

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

01 Jan 2016

Revocation date

31 Dec 2020

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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