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China Extends Tax Incentives for Import Goods Sold at Canton Fair for 2024-2025

In a bid to support the successful organization of the China Import and Export Fair, commonly known as the Canton Fair, a notice titled “Notice on the Continuation of Tax Incentives for Imported Goods Sold During the Exhibition Period of the China Import and Export Fair” has been issued. This notice confirms that for the years 2024 to 2025, the tax incentives for imported goods at the Canton Fair will be an extension of the policies implemented during the 2023 fair, with no changes to the content or list of eligible items.

Specifically, for the Canton Fair editions held between 2024 and 2025, imported goods that fall within the tax-free quota of sales during the exhibition period as determined by the Ministry of Commerce will be exempt from import tariffs, value-added tax, and consumption tax. Each exhibitor is subject to regulations regarding the categories of goods, sales quantities, or monetary limits eligible for cumulative tax incentives during the exhibition period in a given year.

Goods eligible for tax incentives exclude items prohibited for import by the country, endangered flora and fauna and their products, tobacco, alcohol, automobiles, as well as products listed in the “Catalogue of Major Technical Equipment and Products Not Eligible for Tax Exemption upon Import” to ensure compliance with regulatory frameworks and protect national interests. This initiative aims to bolster trade activities at the Canton Fair, promoting the exchange of goods and fostering international business relationships within the global marketplace.