• Service: Tax, Global Indirect Tax, Global Compliance Management Services
  • Type: Regulatory update
  • Date: 9/20/2013

China - Increased VAT, duty rates on imports of aircraft 

September 20:  The value added tax (VAT) rate for imports unladen aircraft, weighing 25 tons or more, is increased to 5% effective 30 August 2013.

China’s Ministry of Finance and State Administration of Taxation jointly issued Notice 53 (29 August 2013) that increases the VAT rate from 4% to 5%.

Also, China’s State Council Tariff Commission in late August 2013 issued Notice 31 that similarly imposes a 5% import duty rate on passenger aircraft having an unladen weight ranging between 25 tons to 45 tons (tariff code: ex88024010). This 5% duty rate reflects the “most favored nation” rate and removes a prior provisional import duty rate of 1%.

Read a September 2013 report [PDF 423 KB] prepared by the KPMG member firm in China: VAT and duty rates for importation of aircraft adjusted upwards

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