- 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 Uncovers Widespread VAT Evasion Schemes Involving Multiple Companies and Millions in Losses
- Tax Evasion Scandal: 49 Shell Companies and Fake Invoices Orchestrated by Tianjin Changze Finance
- Unveiling a Five-Layer Fake Invoice Network: Tax Evasion and Punishment in Lianyuan City
- Tax Authorities Penalize Guizhou Company for Facilitating Fake VAT Invoices and Tax Evasion
- Tianjin Tax Authorities and Police Crack Down on Major VAT Invoice Fraud Case
