According to the notice of the Tariff Commission of the State Council on the adjustment plan of the provisional import tariff rate in 2020 (SWC [2019] No. 50), on December 31, the General Administration of Customs issued the implementation of the tentative tariff adjustment 2020, which will be adjusted from January 1, 2020: 1. MFN tax rate. From January 1, 2020, 859 commodities (excluding tariff quota commodities) will be subject to the provisional import tax rate; from July 1, 2020, the provisional import tax rate of 7 information technology products will be cancelled. The fifth step of tax reduction shallRead More →
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