China: Consolidated customs duty collection, national program

China: Customs duty collection, national program

China’s General Administration of Customs issued guidance announcing the launch of a program allowing for consolidated customs duty filing on a nationwide basis. Consolidated customs duty filing is a new process for collecting customs duty in China, and the program is being promoted for its ability to facilitate trades, improve clearance efficiency, and lessen cash flow pressure for qualified enterprises.

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The new consolidated customs duty collection program builds on the success of an earlier pilot program. The effective date for this new customs duty collection program is 27 July 2015. 

For import and export enterprise satisfying certain conditions, China Customs can calculate and collect taxes on a consolidated basis on the imported and exported goods for a period of time. This method is viewed as providing a benefit to import and export enterprises by improving their trade facilitation and decreasing the costs of customs clearance. 

The program’s announcement also specifies the conditions for applying for consolidated customs duty collection, the rules for application and operation methods, and disciplinary measures that can be imposed for violations.

 

Read an August 2015 report prepared by the KPMG member firm in China: Consolidated Duty Collection Is Being Promoted Nationwide

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