In accordance with the "Import and Export Tariff Regulations of the People's Republic of China" and relevant regulations, the Customs Tariff Commission of the State Council has recently issued a notice promulgating the "Import and Export Tariffs of the People's Republic of China (2020)" (hereinafter referred to as the "2020 Tariffs"), since 2020 Effective from January 1.
The "Import and Export Tariff of the People's Republic of China" (hereinafter referred to as "Tariffs") is a component of the "Import and Export Tariff Regulations", including import and export tariffs, tax rates, and classification rules determined in accordance with national tariff policies and relevant international agreements. Basis for calculating tariffs. The import and export tax items of the 2020 version of the Tariffs are the same as those of the 2019 version. The Notice of the State Council Tariff Commission on Adjustments to the Tentative Import Tax Rate and Other Adjustments was adjusted. In addition to the tax items and rates announced in the 2020 version of the Tariff Rules, laws, administrative regulations and other provisions on import and export tariffs and tax rate adjustments shall be implemented in accordance with laws and administrative regulations.
According to reports, the publication of the 2020 version of the Tariffs is conducive to maintaining the transparency of tariff policies, providing more convenience to the public, and also optimizing the business environment and promoting the high-quality development of trade. (Reporter Zeng Jinhua)