Global Trade Alert
Global Trade Alert

China: Import tax exemptions for offshore oil and gas exploration during 15th Five-Year Plan

Announcement

13 Feb 2026

On 13 February 2026, the Chinese government announced import tax exemptions for various products relating to energy resource exploration, development, and utilisation during the '15th Five-Year Plan' period.

Source

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Number of interventions

4

2 certainly harmful

0 likely harmful

2 liberalising

List of interventions

Implementation date

01 Jan 2026

Revocation date:

31 Dec 2030

Updated: 13 Feb 2026
Tax or social insurance relief In force

Recent update from 13 Feb 2026:

On 13 February 2026, the Chinese government adopted Caiguanshui 2026/16, reducing tax relief by decreasing the VAT rebate measures for imported natural gas for specified natural gas pipeline and LN...

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Updated: 13 Feb 2026
Import tariff In force

Recent update from 13 Feb 2026:

On 13 February 2026, the Chinese government adopted Caiguanshui 2026/16, introducing import tariff exemptions for equipment, instruments, spare parts, and specialised tools used in domestic offshor...

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Implementation date

01 Jan 2026

Revocation date:

31 Dec 2030

Updated: 13 Feb 2026
Internal taxation of imports In force

Recent update from 13 Feb 2026:

On 13 February 2026, the Chinese government adopted Caiguanshui 2026/16, reducing import VAT rebate measures for imported natural gas for specified natural gas pipeline and LNG storage and transpor...

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Updated: 13 Feb 2026
Tax or social insurance relief In force

Recent update from 13 Feb 2026:

On 13 February 2026, the Chinese government adopted Caiguanshui 2026/16, introducing tax relief by exempting import tariff and import VAT for equipment, instruments, spare parts, and specialised to...

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