China halves import tax on electrical goods
Updated: 2011-01-28 13:29
By Yan Weijue (chinadaily.com.cn)
China lowered the import tax on electrical products from 20 to 10 percent starting from January 27, 2011, the State Council Tariffs Commission announced on Thursday, Beijing News reported.
Products with reduced import duties include computers and cameras, which means the tax on iPad imports drops from 1000 yuan ($152) to up to 500 yuan ($76).
But video cameras are not included in this category, staying at the 20 percent level.
China's current import duty covers tariff, value added tax and consumption tax.
The commission gave no reason for the import tax revision and said the move has been approved by the State Council.
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