The SAT would be responsible for collections of the newly introduced charges. However, it should be noted that the export of electronic products is exempted from the ambit of this surcharge. Manufacturers have to file a special return for the same and must make the payment to local tax authority.
The surcharge would be applicable to each piece of electronic items as per the following rates:
*Surcharge for television - 13 CNY
*Surcharge for refrigerator - 12 CNY
*Surcharge for washing machine - 7 CNY
*Surcharge for air conditioning - 7 CNY
*Surcharge for compact calculator - 10 CNY
For more information on this topic email email@example.com
Get the latest press releases and updates on international tax, HR, Finance, compliance and other legal news at Nair & Co. Industry Alerts.