China adjusts tax on plane, lignite imports

Email|Print|Comments       twitter     facebook     Sina Microblog     reddit    

China has increased the value-added tax from four percent to five percent on imports of planes with an empty weight of above 25 metric tons, the central government announced on Monday.

Meanwhile, for imported planes with an empty weight between 25 and 45 metric tons, the import tariff rate has been be adjusted from the previous one percent to five percent, according to a statement posted on the central government's website.

The country has also scrapped its zero-tariff policy on imports of lignite, a form of low-rank coal. Instead, a three-percent tax has been resumed, the statement said.

It said that these adjustments had become effective on Aug. 30.

We Recommend

• Int'l Military Music Festival kicks off in Moscow
• Army aviation brigade in actual-troop drill
  
• Top 10 Chinese provinces for the well-heeled
• Baby born to save his sister - the story of a savior sibling
• Lady of mystery: Female SWAT team in prison disclosed
• Single mother, baby live in KFC restaurant for months
• Fan Bingbing poses for Malaysian magazine Citta Bella
• Zhang Xinyi covers COSMOPOLITAN
• A collection of bizarre rooftop buildings around China