July 31 2019

GAC Clarifies Issues Concerning Implementation of Catalogue of Industries for Encouraging Foreign Investment

The General Administration of Customs recently issued the Announcement about Implementing the Catalogue of Industries for Encouraging Foreign Investment (2019 Version).

According to the announcement, starting from July 30, 2019 for foreign investment projects covered by the catalogue, import tariff will be exempted for self-use equipment, technology and components to be used in these projects, unless these products are listed in the Catalogue of Imported Products concerning Foreign-invested Items Without Duty Exemption and the Catalogue of Key Technological Equipment and Products Not Exempted from Tax in Imports. Value-added tax will continue to be collected for such products in the import process.