MOF issued Notice on Tariff Adjustment Plan 2016

MOF issued Notice on Tariff Adjustment Plan 2016

Issue 33, December 2015

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China Tax Alert

The Ministry of Finance (MOF) recently issued the "Notice on Tariff Adjustment Plan 2016" (Shui Wei Hui [2015] No. 23), and decided to adjust some of the import and export tariffs from 1 January 2016. The tariff reduction applies to the following products: advanced equipment urgently needed by China, key components and energy raw materials; some of the daily consumer goods; some of the environmental products, and products under the jurisdiction of each FTA. In addition, there are some adjustments to the H.S code system. Export and import enterprises can perform assessment based on the plan in due course, and take appropriate measures.

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