The 2024 PRC Customs Tariff Law: A Tax Perspective on Key Highlights

June 21, 2024 | BY

Susan Mok

Daisy Duan, Sara Shi and Jinwen Shi of King & Wood Mallesons unpack the tax implications of a new law which overhauls China's system of customs tariffs

Summary

  • The promulgation of a new tariff law represents a significant shift from regulatory to legislative oversight of China's tariff system
  • Overall, the law seeks to balance the interest of taxpayers and the customs authorities
  • However, new measures on legal liability reinforce China's determination to collect all taxes due
  • Joint punitive measures also illustrate a robust stance by the authorities

 

 

This premium content is reserved for
China Law & Practice Subscribers.

  • A database of over 3,000 essential documents including key PRC legislation translated into English
  • A choice of newsletters to alert you to changes affecting your business including sector specific updates
  • Premium access to the mobile optimized site for timely analysis that guides you through China's ever-changing business environment
For enterprise-wide or corporate enquiries, please contact our experienced Sales Professionals at +44 (0)203 868 7546 or [email protected]