Global Trade Alert
Global Trade Alert

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

Announcement

29 Dec 2016

December 29th, 2016 - A Chinese ministry announced a preferential import tax policy.

Source

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Number of interventions

3

1 certainly harmful

0 likely harmful

2 liberalising

List of interventions

Implementation date

01 Jan 2016

Revocation date:

31 Dec 2020

Updated: 29 Dec 2016
Tax or social insurance relief

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 ...

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Implementation date

01 Jan 2016

Revocation date:

31 Dec 2020

Updated: 29 Dec 2016
Internal taxation of imports

In December 2016, the Chinese government introduced a policy for firms in the offshore oil/gas exploration sector in Cai Guan Shui 2016/69 whereby such firms could import certain equipment...

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Updated: 29 Dec 2016
Import tariff quota

On December 29th, 2016, the Chinese State Taxation Administration released Cai Guan Shui 2016/69 (hereafter, 'Announcement'), which introduced a tariff-free import schedule on certain item...

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