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CIRCULAR OF THE STATE COUNCIL
ON STARTING LEVY OF
IMPORT REGULATORY TAXES ON CERTAIN IMPORT GOODS
(Proclaimed on June 26, 1985 by the State Council)
SUBJECT: TAXATION
ISSUING-DEPT: STATE COUNCIL OF CHINA
ISSUE-DATE: 06/26/1985
IMPLEMENT-DATE: 06/26/1985
LENGTH: 646 words
TEXT:
Recently, some regions and units have spent large amounts of foreign exchange by blindly importing commodities and complete sets of unassembled parts, where there is a great price differential between the domestic and international price. This has had a detrimental effect on the further development of the national economy. Besides intervening with administrative measures, these problems must be regulated by further economic measures. Therefore it has been decided that at the same time as Customs duty and import linked Product Tax (or Value Added Tax) is levied on certain commodities, Import Adjustment Tax will also be levied. The relevant issues are as follows:
(1) Taxable products: motor cars, coaches, work vans, cross-country vehicles and other small motorised passenger vehicles, trucks under 8 tonnes, motor cycles, video recorders, photocopiers, colour projection, television sets, television kinescopes, electronic calculators, microcomputers and peripherals in processed polyester thread and chemical fibre fabrics. For the adjustment tax rate on taxable items see the table in the appendix.
(2) Import Adjustment Tax will be levied (or a supplementary payment will be levied) by Customs authorities at the same time as Customs duty is levied.
(3) The Import Adjustment Tax shall be levied on the CIF price of the commodity.
(4) Commodities which are stipulated in measures on the reduction of or exemption from duty and tax formulated by the State Council or the General Administration of Customs and the Ministry of Finance will have a corresponding reduction of or exemption from the Adjustment Tax.
(5) Where a reduction of or exemption from Import Adjustment Tax is required for commodities which are taxable, inspection and approval will be made by the State Economic Commission. Reduction or exemption will be granted by Customs authorities based on the certificate issued by the State Economic Commission.
(6) Other relevant matters concerning the levying of Adjustment Tax may be handled with reference to the provisions of the "Rules Governing Import and Export Duties of the People's Republic of China".
(7) The tax rate on taxable items and the commencement date for the levying of the Adjustment Tax will be promulgated by the General Administration of Customs.
(8) The various Special Economic Zones and Hainan Administrative District will also carry out matters in accordance with the above regulations.
Appendix
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SCHEDULE
OF TAXABLE ITEMS AND TAX RATE FOR IMPORT ADJUSTMENT TAX
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||||
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Tax
Regulation
|
Name
of Commodity
|
Import
duty
|
Import
Adjustment
|
|
|
Lowest
|
General
|
Tax
|
||
|
Number
|
||||
|
51.01
|
1.
processed polyester thread
|
70%
|
90%
|
40%
|
|
51.04
|
2.
other synthetic fibre fabric
|
100%
|
130%
|
40%
|
|
56.07
|
4.
other man-made fibre fabric
|
100%
|
130%
|
40%
|
|
chemical
fibre (staple or silk waste) fabric
|
100%
|
130%
|
40%
|
|
|
84.52
|
1.
electronic calculator
|
60%
|
80%
|
80%
|
|
84.53
|
2.
digital automatic data processing equipment:
|
|||
|
2)
digital automatic data processing equipment with less than a
32 bit capacity
|
50%
|
70%
|
40%
|
|
|
3.
peripherals; external devices of digital automatic data processing
equipment with less than a 32 bit capacity
|
30%
|
40%
|
30%
|
|
|
85.15
|
4.
television receiver and combined system: colour projection television
set
|
80%
|
100%
|
70%
|
|
85.21
|
1.
electron tube
|
30%
|
40%
|
50%
|
|
2.
television kinescope
|
||||
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87.02
|
1.
motor car, jeep, work van and other small motorised passenger
vehicles
|
120%
|
150%
|
80%
|
|
6.
truck under 8 tonnes (not including 8 tonnes)
|
50%
|
70%
|
50%
|
|
|
87.09
|
Motor
cycle, moped and bicycle with supplementary motor; with or without
a side car, various side cars
|
120%
|
150%
|
20%
|
|
90.10
|
2.
photocopier
|
50%
|
70%
|
80%
|
|
92.11
|
3.
audio-video recording and projection equipment
|
80%
|
100%
|
70%
|
End of text
