Adjustment of VAT rate
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If the taxpayer purchased agricultural products, the original 10% deduction rate will be adjusted to 9%. The taxpayer purchases the agricultural products used for the production or manufacturing consignment at a 13% tax rate, and calculation of the input tax amount that will be deducted at a 10% rate.
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For export goods at a 16% tax rate and export tax rebate rate of 16%, the export tax rebate rate will be adjusted to 13%; the original 10% tax rate and export tax rebate rate of 10% of export goods & cross-border taxable behavior, the export tax rebate rate will be adjusted to 9%.
Markdown of famous brands
At the same time, with the adjustment of VAT rate, a batch of famous brands have lowered its price. On the evening of March 31st, the Apple store entered the update mode. The overall product range is about 2.6%.
© Image | Apple
In addition, if you purchased these products in the past few days, you can contact Apple’s official website to apply for a price discrepancy. In other words, if you just bought AirPods or iPad, you can get the price discrepancy.
The automotive industry also appeared a wave of price cuts. Recently, FAW-Volkswagen brand prices have been reduced, with the highest price reduction of 8,000 yuan. Mercedes-Benz, BMW, Volvo, Jaguar, Land Rover, and other luxury car brands also lowered the suggested retail price, with the highest price reduction of 85,000 yuan.
© Image | Google
Markdown of gasoline & diesel prices
The National Development and Reform Commission said on the 29th that affected by the VAT rate, the oil products price was reduced from 16% to 13%. Accordingly, the maximum retail price of domestic gasoline and diesel was reduced by 225 yuan and 200 yuan per ton, respectively since 24:00 on March 31st, 2019.
© Image | Google
“Notice on the adjustment of the VAT rate of power grid enterprises to reduce the general industrial and commercial electricity price”, issued on March 31st, 2019, after the power grid enterprise VAT rate was adjusted from 16% to 13%, the general industrial and commercial electricity price will be reduced accordingly.
© Image | Google
New regulations in Saudi Arabia
After April 1, 2019, products that are not registered on the SABER system will not be cleared.
On April 1, the saber will be issued officially. The first batch of regulated products is Low Voltage Device, child toy, and lubricating oil.
© Image | Google
Application for customs data
Since 31st March, the public could send Email to [email protected], and Tel: 010-65196015 to get electronic import and export data.
The data including product name, code, quantity, amount, import and export consignee or consignor registered a place, ownership character of consignee or consignor, trading way, transport method and so on.
Adjustment of the charging method in port
The Ministry of Transport and National Development and Reform Commission issued an announcement called Port Charges of Collecting and Calculating, which goes into effect on today, with a 5-year validity period. According to the announcement, some government pricing standards will be lowered, fees will be consolidated and regulated.
© Image | 交通运输部
The announcement requires that the cargo dues, port facility security fees, pilotage (transfer) fees, and tugboat charges for domestic routes be reduced by 15%, 20%, 10%, and 5% respectively.
Online GOV affairs services
Online GOV China’s National Immigration Administration (NIA) will open an online service on April 1 to facilitate application and inquiry of travel documents.
© Image | Google
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Travel and endorsement services to Hong Kong, Macao, and Taiwan
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Inquiry service of processing progress for the document
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Document reservation application
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Inquire of document information
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Entry and exit record
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Inquiry of service guide
