China cancelled 20 goods’ tax reduction and exemption

On August 13, the Ministry of finance, the General Administration of customs and the State Administration of Taxation jointly announced that the reduction and exemption of 20 kinds of commodities would be stopped immediately, and the full amount of tax (import tax and value-added tax) would be conducted. The 20 commodities are mainly electronic equipment, including TV sets, cameras, video recorders, video players, audio equipment, air conditioners, refrigerators and freezers, washing machines, cameras, copiers, program-controlled telephone exchanges, microcomputers and peripherals, telephones, wireless paging systems, fax machines, electronic calculators, typewriters and word processors, furniture, lamps and lanterns, and meal materials Condiments,Read More →

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