Recently, in order to completely, accurately and comprehensively implement the new development concept, support the construction of a new development pattern, and continue to promote high-quality development, with the approval of the State Council, the Tariff Commission of the State Council issued a notice that the import and export tariffs of some commodities will be adjusted in 2022.
The notice stated: Based on domestic development needs, coordinate the use of resources from both domestic and international markets, and further exert the role of tariff macro-control. Starting from January 1, 2022, my country will implement a tentative import tax rate lower than the most-favored nation tax rate for 954 commodities. . First, in order to reduce the economic burden on patients and continuously improve people’s health and well-being, zero tariffs will be implemented on the new anti-cancer drug radium chloride injection, and import tariffs on some medical products such as intracranial thrombectomy stents and artificial joints will be reduced. The second is to meet the people’s needs for a better life, comply with the trend of consumption upgrades, and create a strong atmosphere for the Beijing Winter Olympics, and reduce import tariffs on some consumer goods, including salmon, cod and other high-quality aquatic products, baby clothing, dishwashers, ski equipment, etc. The third is to adapt to the needs of cultural consumption and implement zero tariffs on oil paintings and other artworks that are over 100 years old. Fourth, in order to improve environmental quality and promote green and low-carbon development, import tariffs will be reduced on gasoline engine particle traps that can improve vehicle fuel efficiency and reduce exhaust emissions, electronic throttles for automobiles, and peat that can be used for soil remediation. The fifth is to help optimize and upgrade the manufacturing industry, reduce import tariffs on key components such as high-purity graphite accessories, high-voltage cables used in high-speed trains, membrane electrode assemblies and bipolar plates for fuel cells, and reduce food such as cocoa beans, plant essential oils, and animal furs. Import duties on raw materials required for processing, daily chemical and leather manufacturing industries. The sixth is to reduce import tariffs on resource products such as pyrite and pure potassium chloride that are in short supply in the country.
Starting from January 1, 2022, based on domestic industrial development and changes in supply and demand, and within the scope of my country’s commitments to join the World Trade Organization, import and export tariffs on some commodities will be increased. Among them, the temporary import tax rates for some amino acids, lead-acid battery parts, gelatin, pork, m-cresol, etc. will be canceled and the most-favored-nation tax rate will be restored; in order to promote the transformation, upgrading and high-quality development of related industries, the export tariffs on phosphorus and blister copper will be increased.
Starting from July 1, 2022, my country will also implement the seventh step of tax reduction on the most-favored-nation tax rate of 62 information technology products. After adjustment, my country’s overall tariff level continues to remain at 7.4%.
In order to continue to promote high-level opening up to the outside world, according to the free trade agreements and preferential trade arrangements signed by my country and relevant countries or regions, agreement tax rates will be implemented on some commodities originating in 29 countries or regions in 2022. Among them, bilateral free trade agreements between China and New Zealand, Peru, Costa Rica, Switzerland, Iceland, South Korea, Australia, Pakistan, Georgia, Mauritius and other Asia-Pacific trade agreements will further reduce taxes; the Regional Comprehensive Economic Partnership Agreement (RCEP), China —The Cambodia Free Trade Agreement will take effect from January 1, 2022 and implement tax reductions.
In 2022, we will continue to implement preferential tax rates for the least developed countries that have established diplomatic relations with China and completed the exchange of letters.
According to the contents of the “Coordinated Commodity Description and Coding System” revised by the World Customs Organization and the relevant rules of the World Trade Organization, a technical conversion of tariff items and tax rates will be carried out in 2022. At the same time, in order to adapt to the needs of industrial development and trade facilitation supervision, some tariff items will also be adjusted. After adjustment, the total number of tax items in the tax code is 8,930.
The notice pointed out that the above-mentioned adjustment measures adhere to the people-centered approach, coordinate development and security, and are based on domestic development needs. They are conducive to maintaining the safety and stability of domestic industrial and supply chains, supporting the smooth operation of the economy across cycles and long-term improvement; they are conducive to guiding resource allocation. Support technological innovation and industrial transformation and upgrading to promote green and low-carbon development; it is conducive to leveraging my country’s ultra-large market advantages, actively participating in the reshaping of the global industrial chain, building a high-standard free trade zone network for the world, and continuing to promote high-level opening up to the outside world.
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