In accordance with the Notice on Preferential Tax Policies for Imported Exhibits Sold at International Exhibitions in China’s Central and Western Regions During the 15th Five-Year Plan Period jointly issued by the Ministry of Finance, the General Administration of Customs and the State Taxation Administration, relevant preferential tax policies have been formulated for imported exhibits sold during relevant exhibitions throughout the 15th Five-Year Plan period to support the successful hosting of international exhibitions in China’s central and western regions. For each exhibitor participating in the China-Eurasia Expo, import duties, import value-added tax (VAT) and consumption tax shall be exempted on imported exhibits sold within the approved duty-free quota during the exhibition period. The provisions on the eligible categories of exhibits and applicable sales quotas for the aforementioned preferential tax policies are specified as follows:
1.Eligible exhibits under these preferential tax policies shall exclude goods prohibited from import by the state, endangered wild animals and plants and their products, tobacco, alcoholic beverages, motor vehicles, and commodities included in the Catalogue of Major Technical Equipment and Products Not Eligible for Import Duty Exemption.
2.For exhibits sold by each exhibitor during the exhibition period that exceed the specified categories of exhibits or sales quotas stipulated in the Appendix, as well as unsold exhibits that are not re-exported upon the conclusion of the exhibition period, taxes shall be levied in accordance with the relevant provisions of the state.
3.For imported exhibits sold during the exhibition period and eligible for the preferential tax policies, the Customs shall not conduct follow-up administration on them as duty-reduced or exempted goods after importation.
4.Within three months after the conclusion of each session of the exhibition, the hosting entity shall submit reports on policy implementation to the Ministry of Finance, the Ministry of Commerce, the General Administration of Customs and the State Taxation Administration.
