On April 9, the Ministry of Finance of the People's Republic of China, the General Administration of Customs and the State Administration of Taxation jointly issued the Notice on Preferential Tax Policies for Imported Exhibits Sales during the Exhibition Period of the International Exhibitions in Central and Western China during the 14th Five-Year Plan (CGS  No. 21), and officially announced the preferential tax policies for imported exhibits sales during the 14th Five-Year Plan (including the China-Africa Economic and Trade Expo).
According to the Notice, during the exhibition period, twenty categories of imported exhibits within the duty-free quota, such as animals, plants and animal and plant products, base metals and metal products, jewel, jewelry, medicines, health care products, etc.(excluding national prohibited imports, endangered animals and plants and their products, cigarettes, alcohols, automobiles, and commodities listed in the Catalogues of Import of Major Technical Equipment and Product Without Tax Exemption) will be exempted from import duties, value-added tax and consumption tax. The Notice stipulates that each exhibitor’s total duty-free sales of exhibits of categories 1-20 shall not exceed USD 20,000.
The maximum amount of tax incentives for each exhibitor
Animals, plants and animal and plant products (food, beverages made from plants and animals)
Each exhibitor’s total duty-free sales of exhibits of categories 1-20 shall not exceed USD 20,000.
Base metals and metal products
Plastics, rubber and their products
Textile raw materials and textile products
Daily necessities and ornaments such as shoes, caps,
Stone, glass and its products, ceramic products
Toys, games and sports products
Medicines, health care products
Products of chemical industry and related industries
Jewel and Jewellery
Machines, mechanical appliances, electrical equipment, instruments and meters
Wood and woodwork
Hide and skin, leather, fur and its products，saddles and harnesses
Paleontological fossil specimens
Mineral crystal specimens
According to the Notice, the China-Africa Economic and Trade Expo (CAETE) (held every two years) can enjoy the preferential policy for three consecutive sessions. The notice clarified that the customs will no longer conduct follow-up supervision on specific duty-free goods for the sale of imported exhibits during the exhibition period that enjoys the policy. Exhibits sold during the exhibition that is beyond the scope of the list of exhibits or sales that enjoy the preferential tax policies, and exhibits that are not sold during the exhibition and are not returned out of the country after the end of the exhibition, shall be taxed following relevant national regulations.
The introduction of this favorable policy will provide strong policy support for the second China-Africa Economic and Trade Expo (CAETE) to be held at Changsha International Convention Center in September this year.
Further Reviewed by: Zhao Yuhui and Jiang Yongfeng
Reviewed by: Chen Jue
Edited by: Liao Sijin
Source: China-Africa Economic and Trade Expo (CAETE)