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China

Reduction of excise taxes, import duties, etc from February 7 to April 30, 2022

16 February 2022
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Unofficial translation

The Executive Yuan approved the automatic reduction of the taxable amount of gasoline, diesel oil, and cement, and the tariff rate of 22 items of imported beef, wheat, baking milk powder, butter, and anhydrous butter.

    The Ministry of Finance stated that the recent increase in international oil prices and raw material prices has affected the domestic economy. Reported to the Executive Yuan for approval, from February 7, 2011 to April 30 of the same year, the taxable amount of gasoline excise tax will be reduced automatically, from NT$6.83 per liter (the same below) to NT$6.83 per liter. 4.83 yuan, a reduction of 29.3%; the taxable amount of diesel excise tax was reduced by voluntary reduction from 3.99 yuan per liter to 2.49 yuan per liter, a reduction of 37.6%; the automatic reduction of cream tariff rate from 5% Reduced to 2.5%; the tariff rate of anhydrous cream was reduced from 8% to 4%; the tariff rate of baking milk powder was reduced from 10% to 5%, and the reduction rate was 50%. The former Feng Executive Yuan approved the voluntary reduction of the tax payable on Portland Type I cement and the voluntary reduction of the tariff rate of 18 commodities such as beef and wheat.
    The Ministry of Finance reminds that, during the implementation of the voluntary reduction of the excise tax on cement, gasoline and diesel, and the implementation of the voluntary reduction in the tariff rates of imported beef, wheat, baking milk powder, butter, and anhydrous butter, the application of domestic cement, gasoline and diesel The period, in accordance with the provisions of Article 2 of the Excise Tax Regulations, shall be subject to the date of manufacture; the determination of the applicable period of other imported goods shall be determined in accordance with the provisions of Article 2 of the Implementing Rules of the Customs Law. Article 6 stipulates that the “import date of the means of transport” refers to the date when the ship arrives at the port of the country to deliver the import manifest to the customs; for air cargo, the date when the aircraft arrives at the airport of the country to deliver the import manifest to the customs is the applicable criterion.
    The Ministry of Finance has provided one copy each of the “List of Items to Reduce Tariff Rates for 18 Products including Wheat and Beef” and the “Item List of Items to Decrease Tariff Rates for 4 Items of Baking Milk, Cream and Anhydrous Cream” for external reference.

 

Source gov.tw

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