- The General Administration of Customs has issued tax-free management measures for imported goods in the Hengqin Guangdong-Macao Deep Cooperation Zone.
- The measures exempt self-use machinery, equipment, and infrastructure materials from import duties, import value-added tax, and consumption tax.
- Duty-free import entities must register their products and establish a tax-free goods ledger before declaring the import of duty-free goods.
- The declared duty-free goods should not exceed the scope and quantity recorded in the ledger.
Source: lexiscn.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
Latest Posts in "China"
- China Clarifies VAT Rules for Mergers, Divisions, Sales, and Exchanges in 2026 Guidance
- China Clarifies VAT Deduction Rules for Goods, Services, Asset Restructuring, and Mixed-Rate Transactions
- China Announces New VAT Preferential Policies and Thresholds Effective January 1, 2026
- China Customs Releases 9% Import VAT Rate Product Code Table, Effective 2026
- China Issues Interim VAT Deduction Rules for Long-Term Assets Over 5 Million Yuan
