On September 30, the State Taxation Department issued the "Announcement on Reducing Import Tariffs on Certain Commodities". This time, the MFN tariff rate for goods under 1585 tax items will be reduced, and the import tax rate of products in 6 rubber industries will Be reduced. The reduction is 0.5%.
According to the announcement, the new tax rate will be officially implemented from November 1, 2018. The tax rate is lowered to receive industrial upgrading, reduce corporate costs, and meet the multi-level consumer demand.