Sino-Singapore Jingwei, December 15th. On the 15th, the Tariff Commission of the State Council issued a tariff adjustment plan for 2022 to adjust the import and export tariffs of certain commodities.
Related plans, unless otherwise specified, will be implemented from January 1, 2022.
Import tariff rate
In accordance with the "Regulations of the People's Republic of China on Import and Export Tariffs", "Commodity Names and Coding Harmonized System," the 2022 revision, multilateral and bilateral economic and trade agreements, and my country's industrial development, the following tax rates will be adjusted:
Most-favored-nation tax rate.
According to the transition of the tax regulations and the adjustment of tax items, the most-favored-nation tax rate and ordinary tax rate will be adjusted accordingly.
Starting from July 1, 2022, the seventh step of tax reduction will be implemented on the most-favored-nation tax rate of information technology products listed in the schedule of the "Amendment to the Tariff Concession Schedule of the People's Republic of China Accession to the World Trade Organization".
Provisional import tariff rates will be implemented on 954 commodities (excluding tariff quota commodities); starting from July 1, 2022, the provisional import tariff rates for products covered by 7 information technology agreements will be cancelled.
The most-favored-nation tax rate applies to imported goods originating in the Republic of Seychelles and the Democratic Republic of Sao Tome and Principe.
Tariff quota rate.
Continue to implement tariff quota management on eight categories of commodities, including wheat, corn, paddy and rice, sugar, wool, wool tops, cotton, and chemical fertilizers, with the tax rate unchanged.
Among them, the quota tax rate for urea, compound fertilizer, and ammonium hydrogen phosphate fertilizer will continue to implement the temporary import tax rate, and the tax rate will remain unchanged.
Continue to implement sliding tariffs on a certain amount of additional imported cotton, and the tax rate will remain unchanged.
Conventional tax rate.
According to the free trade agreements and preferential trade arrangements that my country has signed and entered into force with relevant countries or regions, treaty tax rates are applied to some imported goods originating in 28 countries or regions under 17 agreements: one is China, New Zealand, and Peru. , Costa Rica, Switzerland, Iceland, South Korea, Australia, Pakistan, Georgia, and Mauritius Free Trade Agreements further reduce tariffs; China-Switzerland Free Trade Agreement will start from July 1, 2022 in accordance with relevant regulations to expand product reduction agreements for some information technology agreements tax rate.
Second, the free trade agreements between China and ASEAN, Chile, and Singapore, as well as the "Closer Economic and Trade Relations Arrangement (CEPA)" and "Cross-Strait Economic Cooperation Framework Agreement" (ECFA) between the Mainland and Hong Kong and Macau have completed tax reductions. Continue Implement the treaty tax rate.
The third is the continued implementation of the Asia-Pacific Trade Agreement, and the reduction of treaty tax rates for some products under the expansion of the information technology agreement from July 1, 2022.
According to the "Regional Comprehensive Economic Partnership Agreement" (RCEP), the first agreement is implemented for some imported goods originating in Japan, New Zealand, Australia, Brunei, Cambodia, Laos, Singapore, Thailand, Vietnam and other 9 contracting parties that have entered into force. Annual tax rate; the implementation time of the subsequent effective parties will be announced separately by the Customs Tariff Commission of the State Council.
In accordance with the provisions of the agreement "tariff difference" and other provisions, according to the country of origin of the RCEP of the imported goods, the corresponding treaty tax rate of my country under the RCEP to other contracting parties that has entered into force shall be applied.
At the same time, importers are allowed to apply for the application of my country’s highest treaty tax rate for other contracting parties that have entered into force under the RCEP; or, if the importer can provide relevant certificates, allow the importer to apply for the application of my country’s other effective contracting parties related to the production of the goods. Party’s highest treaty tax rate.
According to the Free Trade Agreement between the Government of the People’s Republic of China and the Government of the Royal Kingdom of Cambodia, the first-year tax rate of the agreement is applied to some imported goods originating in Cambodia.
When the most-favored-nation tax rate is lower than or equal to the agreed tax rate, if the agreement has provisions, it shall be implemented in accordance with the relevant agreement; if the agreement has no provisions, the two shall apply from the lower.
Preferential tax rate.
Preferential tax rates will be implemented for 44 least developed countries including the Republic of Angola that have established diplomatic relations with China and completed the exchange of letters.
Export duty rate
Continue to impose export tariffs on 106 items including ferrochrome, and increase the export tariffs on two items including phosphorous and blister copper other than yellow phosphorous.
Tax rules and tax items
my country's import and export tariff items will be adjusted simultaneously with the 2022 revision of the "Commodity Names and Coding Harmonized System", and some tariff items and notes will be adjusted according to domestic needs.
After the adjustment, the total number of tax items in 2022 will be 8,930.
(Zhongxin Jingwei APP)