Interim Regulations of the People's Republic of China on Vessel Tonnage Tax
Interim Regulations of the People's Republic of China on Vessel Tonnage Tax
Interim Regulations of the People's Republic of China on Vessel Tonnage Tax
Order of the State Council No. 610
December 5, 2011
The Interim Regulations of the People's Republic of China on Vessel Tonnage Tax were adopted at the 182th executive meeting of the State Council on November 23, 2011, and are hereby issued for implementation as of January 1, 2012.
Premier: Wen Jiabao
Interim Regulations of the People's Republic of China on Vessel Tonnage Tax
Article 1 Any vessel entering a domestic port of the People's Republic of China from an oversea port ((hereafter referred to as "Taxable Vessel") shall be subject to vessel tonnage tax (hereinafter referred to as "Tonnage Tax") in accordance with these Regulations.
Article 2 The taxable items and rates of Tonnage Tax shall be subject to the Table of Taxable Items and Rates of Tonnage Tax attached hereto (the "Table").
Any adjustment of the Table shall be subject to the decision of the State Council.
Article 3 The rates of Tonnage Tax are classified into preferential rates and general rates.
The preferential rates of Tonnage Tax shall apply to Taxable Vessels of the nationality of the People's Republic of China or of the nationality of any other country that has entered into an agreement or treaty with the People's Republic of China with a mutually-offered most-favored-nation treatment provision on vessel taxes.
The general rates of Tonnage Tax shall apply to any other Taxable Vessels.
Article 4 Tonnage Tax shall be collected on the basis of net tonnage and the validity term of Tonnage Tax Certificate.
When making a tax declaration each time, the responsible person for a Taxable Vessel may apply for, and be issued, a Tonnage Tax Certificate with a certain validity term on the basis of the Table.
Article 5 The taxable amount of Tonnage Tax shall be the product of net tonnage being multiplied by the applicable tax rate.
Article 6 Tonnage Tax shall be collected by the customs authorities (hereinafter referred to collectively as "Customs Authority" ). Customs Authority shall issue payment receipts for Tonnage Tax.
Customs Authority shall issue a tonnage tax certificate (hereinafter referred to as "Tonnage Tax Certificate" ) to a Taxable Vessel with a validity term as applied by the responsible person for the vessel upon payment of Tonnage Tax or provision of a security for the payment by such person.
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Order of the State Council No. 610
December 5, 2011
The Interim Regulations of the People's Republic of China on Vessel Tonnage Tax were adopted at the 182th executive meeting of the State Council on November 23, 2011, and are hereby issued for implementation as of January 1, 2012.
Premier: Wen Jiabao
Interim Regulations of the People's Republic of China on Vessel Tonnage Tax
Article 1 Any vessel entering a domestic port of the People's Republic of China from an oversea port ((hereafter referred to as "Taxable Vessel") shall be subject to vessel tonnage tax (hereinafter referred to as "Tonnage Tax") in accordance with these Regulations.
Article 2 The taxable items and rates of Tonnage Tax shall be subject to the Table of Taxable Items and Rates of Tonnage Tax attached hereto (the "Table").
Any adjustment of the Table shall be subject to the decision of the State Council.
Article 3 The rates of Tonnage Tax are classified into preferential rates and general rates.
The preferential rates of Tonnage Tax shall apply to Taxable Vessels of the nationality of the People's Republic of China or of the nationality of any other country that has entered into an agreement or treaty with the People's Republic of China with a mutually-offered most-favored-nation treatment provision on vessel taxes.
The general rates of Tonnage Tax shall apply to any other Taxable Vessels.
Article 4 Tonnage Tax shall be collected on the basis of net tonnage and the validity term of Tonnage Tax Certificate.
When making a tax declaration each time, the responsible person for a Taxable Vessel may apply for, and be issued, a Tonnage Tax Certificate with a certain validity term on the basis of the Table.
Article 5 The taxable amount of Tonnage Tax shall be the product of net tonnage being multiplied by the applicable tax rate.
Article 6 Tonnage Tax shall be collected by the customs authorities (hereinafter referred to collectively as "Customs Authority" ). Customs Authority shall issue payment receipts for Tonnage Tax.
Customs Authority shall issue a tonnage tax certificate (hereinafter referred to as "Tonnage Tax Certificate" ) to a Taxable Vessel with a validity term as applied by the responsible person for the vessel upon payment of Tonnage Tax or provision of a security for the payment by such person.
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