China to adjust import, export tax from 2016

  • Author:Hubei Ocean Biotech Co, ltd.
  • Release on :2015-12-10

China will adjust part of import and export duties from 1 January 2016 the Ministry of Finance (MOF) said on Wednesday. 

The MOF will expand moderately within the consumer goods enjoying tax cuts and will cut import taxes on those with relatively high tax rate and elasticity of demand, including bags and suitcases, clothing, scarf, blankets, vacuum cups and glasses Sun.