China News Service, Beijing, October 14 (Reporter Zhao Jianhua) The Ministry of Finance, the General Administration of Customs, and the State Administration of Taxation on the 14th clarified the preferential tax policies for imported exhibits sold during the China International Import Expo (CIIE) and announced the import List of exhibits that enjoy preferential taxation policies for the Expo.
Import tariffs, import value-added tax and consumption tax shall be exempted for a reasonable number of imported exhibits sold during the Expo.
Exhibits that enjoy tax incentives do not include China's banned imports, endangered animals and plants and their products, cigarettes, alcohol, automobiles, and commodities listed in the "Catalogue of Major Technical Equipment and Products Not Exempted from Import Duty".
The sales volume or limit for each exhibitor to enjoy tax incentives shall be implemented in accordance with the regulations of the exhibit list.
In the list of exhibits, each exhibitor enjoys no more than 12 tax concessions for machinery, mechanical appliances, electrical equipment and instruments (except medical or surgical instruments and equipment); tractors and tractors, each exhibitor enjoys tax The preferential quantity does not exceed 2; for ships and floating structures, each exhibitor enjoys no more than 3 tax incentives; for medical or surgical instruments and equipment, each exhibitor enjoys no more than 5 tax incentives; artwork, For collections and antiquities, each exhibitor enjoys tax incentives for no more than 5 pieces; for other exhibits, each exhibitor enjoys tax incentives for sales of no more than US$20,000.
Exhibits sold during the exhibition that exceed the number or limit specified in the policy, as well as exhibits that are not sold during the exhibition and are not returned after the exhibition, shall be taxed in accordance with relevant Chinese regulations.
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