• Service: Tax, Trade & Customs
  • Industry: Technology, Media & Telecommunications, Technology
  • Type: Business and industry issue, Publication series, Regulatory update
  • Date: 6/24/2011

Import tax exemptions on imports for animated picture development and production 

China alert: Technology, Media & Telecommunications Focus - Issue 3, June 2011


The Ministry of Finance (MoF), the State Administration of Taxation (SAT), and the General Administration of Customs (GAC) jointly issued the circular, Cai Guan Shui [2011] No.27 (Circular 27) on 19 May 2011, which contains the Interim Provisions on Import tax Exemption on Animation Development and Production Materials Imported by Animation Enterprises (Interim Provision). According to the Interim Provisions, the relevant imports of animation enterprises certified by relevant departments of the State Council importing articles necessary for the in-house development and production of animation related direct products will be exempt from import customs duty and VAT (together referred to as "import taxes" hereinafter).


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