The new version of the "Tax Policy Guidelines for Stabilizing Foreign Trade and Foreign Investment" was released;
The Ministry of Commerce announced the list of import and export license issuing institutions in 2024;
China and Singapore will be exempt from visas from 9 February;
The import and export of low-content triethanolamine mixture products does not need to apply for a dual-use item license;
USB-C became the common standard for electronic devices in the European Union;
Switzerland has eliminated industrial import tariffs to help companies reduce costs;
Brazil imposes import taxes on solar panels;
UAE bans import and trade of single-use plastic bags in Dubai;
Indonesia Relaxes Import Tax Policy for Electric Vehicles;
Bangladesh allows deferred payment for some goods to be imported;
South Korea Releases 2024 Customs Inspection Plan for Imported Food;
Uzbekistan will strengthen the quality inspection of imported photovoltaic power generation panels;
India's CBIC requires BIS registration and random sampling of imported electronic products;
Georgia publishes technical regulations for ceramics in contact with food.
In order to give full play to the functional role of tax support to stabilize foreign trade and foreign investment, the State Administration of Taxation has sorted out and updated the current effective relevant tax support policies and tax collection and management service measures, formed a new version of the "Tax Policy Guidelines for Stabilizing Foreign Trade and Foreign Investment", and released it on January 15, so as to facilitate taxpayers to better understand the policies and apply policies, and create a good tax environment for the development of foreign trade and foreign investment.
In accordance with the Foreign Affairs Law of the People's Republic of China, the Administrative Licensing Law of the People's Republic of China, the Administrative Measures for the Import of Goods, the Administrative Measures for the Import of Mechanical and Electrical Products, the Administrative Measures for the Import of Key Used Mechanical and Electrical Products, and the Administrative Measures for the Export Licenses of Goods, the Ministry of Commerce announced the List of Import and Export License Issuing Institutions in 2024 and related matters.
On January 25, representatives of the People's Republic of China** and the Republic of Singapore** signed the Agreement between the People's Republic of China** and the Republic of Singapore** on Mutual Visa Exemption for Holders of Ordinary Passports** in Beijing. The agreement will officially enter into force on February 9, 2024 (Chinese New Year's Eve).
At that time, holders of ordinary passports from both sides can enter each other's countries without a visa to engage in personal affairs such as tourism, family visits, and business, and stay for no more than 30 days. If you intend to stay in the other country for more than 30 days, you must obtain a visa before entering the other country.
In accordance with the relevant provisions of the Regulations of the People's Republic of China on the Administration of Controlled Chemicals and the Detailed Rules for the Implementation of the Regulations of the People's Republic of China on the Administration of Controlled Chemicals, in order to improve the efficiency of the import and export management of controlled chemicals, it is hereby decided to optimize the regulatory measures for the import and export of some low-concentration triethanolamine mixtures from February 1, 2024. The relevant matters are hereby notified as follows:
Consumer goods such as non-medical disinfectants, synthetic detergents, cosmetics, inks and other consumer commodities with low triethanolamine content (see the annex for details) have controllable proliferation risks, and do not belong to the controlled items under triethanolamine (customs commodity code 2922150000) and triethanolamine mixture (customs commodity code 3824999950) in the Catalogue for the Administration of Import and Export Licenses of Dual-use Items and TechnologiesThere is no need to go through the approval procedures for the import and export of controlled chemicals, and there is no need to apply for import and export licenses for dual-use items and technologies.
The European Commission recently said that from 2024, USB-C will become the common standard for electronic devices in the European Union. USB-C will serve as an EU universal port, allowing consumers to charge any brand of device using any USB-C charger.
The "Universal Charging" requirement will apply to all handheld phones, tablets, digital cameras, headphones, portable speakers, handheld video games, e-readers, earbuds, keyboards, mice, and portable navigation systems. And by 2026, these requirements will also apply to laptops.
Switzerland will eliminate import duties on industrial products from January 1, 2024, in the hope of reducing costs for consumers and manufacturers.
The scope of application includes capital goods, raw materials, semi-finished products, machinery and other products, as well as consumer goods such as bicycles, household appliances and clothing, but does not apply to the import of agricultural products such as live animals, plants, seeds, and animal feed.
The Executive Committee of the Management of the Brazilian Foreign Trade Commission has decided to impose import duties on solar panels from January 1, 2024, and will impose import duties on 324 categories of related products within 60 daysImport duties were reinstated.
From January 1, 2024, imported solar panels will be subject to a fee of 108% of Mercosur's foreign tariff. In order to adapt the market to the new regulations, GECEX has set up a decreasing duty-free quota until 2027.
From January to June 2024, the quota is 11$300 million; From July 2024 to June 2025, the quota is 10$100 million; From July 2025 to June 2026, the quota is 7$1.7 billion; From July 2026 to June 2027, the quota is 40.3 billion US dollars.
On December 31, 2023 local time, Crown Prince Hamdan of Dubai, UAE, issued a decree prohibiting the import and trade of single-use plastic bags in Dubai from January 1, 2024.
This ban excludes thin plastic bags for packaging meat, fish, vegetables, fruits, cereals, bread, etc., garbage bags, plastic bag products for export or re-export, etc.
It is understood that Dubai** requires businesses to reduce the use of plastic products and disposable products, and must provide customers with the most reasonable and recyclable disposable plastic bag alternatives. Practitioners who violate the ban face a fine of 200 dirhams (about 386 yuan).
Indonesia's Jokowi** issued Order No. 79 of 2023**, which stipulates that the relevant regulations will provide financial incentives for pure electric vehicle importers in the form of exemption from import duties and luxury goods sales tax, and at the same time adjust the use of local component index (TKDN) for electric vehicles, among which, the target of at least 40% of the TKDN index for electric two-wheeled and four-wheeled vehicles must be adjusted from the original 2024 to 2026.
The specific criteria are as follows:
For electric two-wheelers and three-wheelers: between 2019 and 2026, the TKDN will reach at least 40%; At least 60% TKDN between 2027 and 2029; In 2030 and beyond, TKDN will reach at least 80%.
For four-wheeled and above electric vehicles: from 2019 to 2021, the TKDN will reach at least 35%; From 2022 to 2026, TKDN will reach at least 40%; At least 60% TKDN between 2027 and 2029; In 2030 and beyond, TKDN will reach at least 80%.
The Central Bank of Bangladesh issued a notice proposing that in order to stabilize price stability during Ramadan,Eight key commodities are allowed to be imported with deferred payment methods, including edible oil, chickpeas, onions, sugar and other consumer goods and some industrial raw materials. The facilitation will provide 90 days for import payment to the merchants.
On January 11, 2024, the Ministry of Food and Drug Affairs (MFDS) of the Republic of Korea released the 2024 Customs Inspection Plan for Imported Food to ensure the safety and quality of food at the import (customs clearance) stage, strengthen safety management, and support the efficient operation of the inspection system and timely customs clearance.
The main contents are as follows:
(1) Formulation and operation of the customs inspection plan for imported food in 2024.
a.Expansion of planned inspection objectives: The scope of planned inspections will be expanded to include seasonal consumption of high-consumption ingredients (red snapper, yellow croaker, etc.), confectionery products that arouse children's curiosity through toys;
b.Expand the inspection items of veterinary drugs for livestock and aquatic products: the testing of veterinary drugs for cattle, pork, chickens, eggs and fish has been expanded from about 70 to about 150;
c.Strengthen on-site inspections: the focus is on false declarations of processed foods or agricultural products for the purpose of customs arbitrage, and sensory inspection of agricultural and forestry products has been expanded from 21 to 24, such as red pepper, coffee beans, coriander, astragalus, sesame, etc.; False declaration items (5 items): sesame seeds, frosted seeds, peanuts, rice, mung beans; In addition, on-site inspections of imported seafood that may deceive consumers will be expanded;
(2) Promote the improvement of the customs inspection system for imported food.
a.shorten the inspection cycle of livestock products;
b.Expand the scope of expedited customs clearance for planned imported goods: In order to ensure the stability of food raw materials**, the "Planned Import Rapid Customs Clearance System", which was originally only applicable to products imported by excellent importers, self-produced refined processing raw materials, edible flavors and other commodities, is now expanded to include raw materials used to manufacture and export food; In addition, a tracking management system will be established for those who plan to import and have been approved for expedited customs clearance through false or fraudulent means.
On January 11, the Cabinet of Ministers of Uzbekistan passed a decree on promoting the development of renewable energy and related regulatory measures, stipulating that the import equipment and materials involved in the use of renewable energy will be provided with 120 days of interest-free deferred customs tax treatment, and the interest-free deferred payment period will be extended to 6 months for importers who have no bad violation records in the past three years.
At the same time, it will further strengthen the quality control of relevant imported equipment, prohibit the import of photovoltaic power generation panels without indicating the quality grade from March 1, and require relevant departments to establish laboratories to assess whether imported renewable energy equipment meets the requirements of technical regulations.
India's Indirect Taxes and Customs Commission (CBIC) recently issued Order No. 28 of 2023 to require mandatory BIS registration and random sampling of imported electronic products and IT products, including LED products and control devices, under the Electronic and Information Technology Products (Mandatory Registration Requirements) Order issued in 2012.
The specific implementation requirements are as follows:
1.In all cases, customs** should check the registration of products in the system.
2.The risk management system shall randomly select consignments for sampling and alert the customs with inspection instructions**.
3.The samples taken should be sent to a BIS accredited laboratory for testing of the limited defined non-destructive safety parameters in the IS standards applicable to the product.
4.For sampled shipments, a Release Instruction (OOC) should only be provided if the sample meets the standard requirements for the parameters defined in the test report provided by a BIS accredited laboratory.
If the samples taken do not meet the requirements of the standard, such consignment goods can be returned or destroyed at the expense of the importer in accordance with the rules in force.
Recently, Georgia issued Resolution No. 446 approving the ...Food contact ceramicsTechnical Regulations. A number of important provisions are as follows:
Test conditions and requirements for lead and cadmium migration were developed;
Details of the Declaration of Conformity (DOC) requirements for manufacturers and importers of finished food contact ceramics;
Designated labelling information (Article 10 of Resolution No. 317 of 5 June 2018 on food contact materials and articles);
Emphasis on traceability requirements (Article 12 of Resolution 317 2018).
The specific requirements for lead and cadmium migration limits are as follows:
*: Comprehensively compiled from China's ** Relief Information Network. **From the Internet, invaded and deleted. ）
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