1991.08.14
TIANJIN MUNICIPALITY
CIRCULAR OF THE STATE ADMINISTRATION OF TAXATION ON TAXATION IN THE
TIANJIN HARBOUR FREE TRADE ZONE (EXCERPTS)
(Promulgated by the State Administration of Taxation on August 14, 1991)
1. Foreign-funded enterprises engaging in the processing of export
products within the Free Trade Zone shall pay income tax at a reduced
rate of 15 percent.
2. The industrial and commercial consolidated tax, product tax (or
value-added tax) shall be levied on the import and export goods of the
Tianjin Harbour Free Trade Zone in accordance with the following
regulations:
(1) Goods entering from outside into the Free Trade Zone, except
otherwise regulated by separate state stipulations, shall be exempted
from industrial and commercial consolidated tax or product tax (value-
added tax);
When goods admitted tax free into the Free Trade Zone and re-shipped
into non-free trade zones shall pay industrial and commercial
consolidated tax or product tax (value-added tax) according to
regulations.
(2) Except otherwise regulated by separate state stipulations, goods
entering from non-free trade zones into the Free Trade Zone, which meet
export requirements and proved to be used for export, are exempted from
production-related industrial and commercial consolidated tax or
refunded for that part of product tax (value-added tax) already paid.
(3) Except otherwise regulated by separate state stipulations, products
produced by enterprises in the Free Trade Zone may enjoy the following
preferential tax treatment.
Products shipped out of the Chinese territory are exempted from
production-related industrial and commercial consolidated tax or product
tax (value-added tax);
Industrial and commercial consolidated tax or product tax (value-added
tax) shall be levied, according to relevant regulations, on products
approved to enter into non-free trade zones;
Products being sold within the Free Trade Zone are exempted from
production-related industrial and commercial consolidated tax or product
tax (value-added tax).
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