From January 1, 2022, China will adjust some import and export tariffs in accordance with the 2022 revision of the “Commodity Description and Coding System”, multilateral and bilateral economic and trade agreements, and China’s industrial development, including adjustments to 954 items (not (Including tariff quota commodities) implement temporary import tariff rates; implement agreed tariff rates for some imported goods originating in 17 agreements in 28 countries or regions. After the adjustment, there are 8,930 tax items in the 2022 tariffs. After this tariff adjustment, it will bring significant tax cut benefits to major imported raw materials for manufacturing industries such as aviation equipment, specialty consumer goods, Nissan equipment and raw materials. Baowei Asia-Pacific Electronics (Shenzhen) Co., Ltd., located in Guangming District, Shenzhen, is a large-scale wholly foreign-owned enterprise mainly engaged in the production and operation of transformers, conversion power supplies and their components, and electronic ballasts. In the Baowei Asia-Pacific production workshop, machinery roars, and the busy figures of workers reflect a thriving development scene. Baowei Asia Pacific production supervisor told reporters that currently on the production line, there are new orders delivered on time, and there are also rework orders for return shipments from abroad. The import of maintenance goods requires a deposit, and the payment of the deposit is based on taxes and other taxes. The reduction of the tariff rate directly saves us a large amount of capital investment. , And can provide better maintenance and after-sales service, thereby improving customer satisfaction and bringing more order dividends to the enterprise.” The person in charge said. It is understood that in the production and operation activities of Baowei Asia-Pacific, it is necessary to purchase components and equipment accessories required for mass production from overseas, and the adjustment of import tariffs has been reduced, which has reduced the burden of corporate expenses. The price advantage of the company’s products is also more prominent, and it can win more orders in the market, enter a virtuous circle of development, and provide a solid guarantee for the continuous improvement of production and operation efficiency. In the first 11 months of this year, the export value of Jingliang Electronics (Shenzhen) Co., Ltd. has increased by 15%. The relevant person in charge of the company said that the production machines in the company’s factory area are running fast, and they are busy producing liquid sensors, pressure sensors, pressure transmitters and other products for orders from Germany, Thailand, Switzerland, Singapore and other countries all over the world. In recent years, the country’s tax reduction policies have benefited a lot of manufacturing companies, and their costs have continued to decrease. In 2005, Precision Electronics’ imported equipment welding machines and bonding machines used in integrated circuit packaging were reduced by 10% of the tax point under the policy of importing production equipment as a tax exemption policy for encouraging projects, saving about 400,000 yuan in corporate tax annually. Yuan. In March 2020, the Customs Tariff Commission of the State Council further carried out the exclusion of market-based purchases of goods subject to tariffs imposed on the United States and Canada. As a result, Jingliang Electronics saved 20% of tax costs, and “the benefit is very large.” This tariff adjustment continues the state’s support policy for lower import tariffs on aviation equipment in recent years, and further reduces the temporary import tariff rate of key parts and components of aviation materials. According to the calculations of Shenzhen Customs, the tariffs on core aviation materials such as aircraft autopilot systems, aircraft control modules, and aircraft engine parts that are urgently needed by aviation companies have been reduced, and the tax rate has been reduced from 7% to 14% to 1%. It is expected to be a Shenzhen aviation company. Save tens of millions of tariff costs every year. According to the “Regional Comprehensive Economic Partnership Agreement” (RCEP), in 2022, China will implement the first agreement on some imported goods originating in Japan, New Zealand, Australia, Brunei, Cambodia, Laos, Singapore, Thailand, and Vietnam. Annual tax rate. “In 2020, Shenzhen Port will import 84 billion yuan in general trade from Japan. In 2022, China and Japan will initiate tariff reduction arrangements for the first time in accordance with the RCEP agreement. After the tariff adjustment, Shenzhen Port will mainly import Nissan equipment such as glass heat Processing equipment, measuring or inspection instruments, and other raw materials such as conductive glue or film used in screen production will enjoy the “sweetness” of tariff concessions.” The relevant person in charge of Shenzhen Port said. This tariff adjustment is aimed at reducing taxes on some high-quality products and specialty consumer goods that are closely related to the daily life of the people due to strong domestic consumer demand. The adjustment scope covers aquatic products, food, health products, daily chemical products, etc. Among them, high-quality aquatic products such as Atlantic salmon and bluefin tuna, and imported consumer products such as cheese and avocado, which are popular with domestic consumers, are subject to different temporary tax rates. Tax reduction to a certain degree will further satisfy the people’s yearning for a better life and meet the demand for consumption upgrades. At the same time, the tax cuts for baby products are expected to reduce the cost of family childcare. The adjustment plan reduces import tariffs on a large number of infant care products such as infant formula milk powder, preterm infant formula milk powder, retail packaged snacks for infants and young children, and infant clothing. Among them, the import tariff of formula milk powder for premature infants is reduced to 0%, and the rate of reduction of other products is as high as 40%.
Post time: Dec-23-2021