Law of the People's Republic of China on Vessel Tonnage Tax
Law of the People's Republic of China on Vessel Tonnage Tax
Law of the People's Republic of China on Vessel Tonnage Tax
Order of the President of the People's Republic of China No.85
December 27, 2017
The Law of the People's Republic of China on Vessel Tonnage Tax was adopted at the 31st session of the 12th Standing Committee of the National People's Congress on December 27, 2017 and is hereby issued with effect from July 1, 2018.
Xi Jinping, President of the People's Republic of China
Law of the People's Republic of China on Vessel Tonnage Tax
(Adopted at the 31st session of the 12th Standing Committee of the National People's Congress on December 27, 2017)
Article 1 Any vessel entering a domestic port of the People's Republic of China from an overseas port ((hereafter referred to as "Taxable Vessel") shall be subject to vessel tonnage tax (hereinafter referred to as "Tonnage Tax") in accordance with this Law.
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").
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 multiplied by the applicable tax rate.
Article 6 Tonnage Tax shall be collected by the customs authorities (hereinafter referred to collectively as the "Customs Authority"). The Customs Authority shall issue payment receipts for Tonnage Tax.
The 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 upon provision of security for the payment by such person.
......
Order of the President of the People's Republic of China No.85
December 27, 2017
The Law of the People's Republic of China on Vessel Tonnage Tax was adopted at the 31st session of the 12th Standing Committee of the National People's Congress on December 27, 2017 and is hereby issued with effect from July 1, 2018.
Xi Jinping, President of the People's Republic of China
Law of the People's Republic of China on Vessel Tonnage Tax
(Adopted at the 31st session of the 12th Standing Committee of the National People's Congress on December 27, 2017)
Article 1 Any vessel entering a domestic port of the People's Republic of China from an overseas port ((hereafter referred to as "Taxable Vessel") shall be subject to vessel tonnage tax (hereinafter referred to as "Tonnage Tax") in accordance with this Law.
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").
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 multiplied by the applicable tax rate.
Article 6 Tonnage Tax shall be collected by the customs authorities (hereinafter referred to collectively as the "Customs Authority"). The Customs Authority shall issue payment receipts for Tonnage Tax.
The 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 upon provision of security for the payment by such person.
......