PRC Tentative Regulations on Consumption Tax (Revised)
According to the revised Regulations, the amount of consumption tax payable may be calculated ad valorem, at a flat rate or by a combination of the two.
Issue: December 2008/ January 2009
CLP Reference: 3220/08.11.10(2)
PRC Reference: 国务院令第539号
Promulgated: 10 November 2008
Effective: 01 January 2009
Keywords (click to search):
(Promulgated by the State Council on November 10 2008 and effective as of January 1 2009.)
Order of the State Council No.539
Article 1: Work units and individuals in the People’s Republic of China that produce, commission the processing of and import the consumer goods specified herein as well as other work units and individuals determined by the State Council that sell the consumer goods specified herein are payers of consumption tax and shall pay consumption tax in accordance herewith.
Article 2: The items and rates of the consumption tax shall be as set forth in the Table of Consumption Tax Items and Rates appended to these Regulations.
Register with China Law & Practice to unlock our premium content for the next 14 days.
**Full text translations are only available for individual purchase or as part of a subscription.**