Many countries have adjusted tariffs, and China has issued a number of import and export-related policies!
01 The U.S. extends the validity period of the exclusion of additional tariffs on 99 products
In response to the covid-19 epidemic, the Office of the United States Trade Representative (USTR) previously announced on December 22, 2020 local time a list of four batches of medical products that have been excluded from the levy extension. It was decided to extend the validity period of the additional tariff exclusions for four batches of medical protection products, involving 99 medical protection products, and the exclusion validity period is from January 1, 2021 to March 31, 2021.
On March 5, local time, USTR continued to extend the validity period of the four batches of exclusion lists, effective from April 1, 2021, and valid until September 30, 2021.
02 The United States fully implements import core information data collection
On March 15, 2021, US Eastern Time, the Animal and Plant Health Inspection Service of the United States Department of Agriculture (APHIS) issued a notice announcing that from March 15, 2021, APHIS core information data collection will be fully implemented in the Automated Business Environment System (ACE) .
Importers must submit data on imported products that are subject to supervision (such as imported plants, plant products, animal products, and live dogs), otherwise the products will be prohibited from entering the country. APHIS controlled products involve 2,194 U.S. commodity tax numbers.
03 Brazil cuts import tariffs on some capital goods, information and communication products
The Committee for Foreign Trade of Brazil's Ministry of Economy (CAMEX) issued Decisions No. 171, No. 172, and No. 173 on March 18, reducing the import tariffs of some capital goods, information and communications with more than 1,000 tax codes. The scope of the tax reduction mainly involves the 84th. Chapters, including some commodities in Chapters 85, 86, 87, 89 and 90.
04 Brazil issued a new round of emergency relief funds
On March 18, local time, Brazilian President Bolsonaro signed a temporary decree aimed at issuing emergency relief funds for a new round of the epidemic in 2021. According to regulations, this round of emergency relief funds will begin to be issued in April this year, and the recipients are informal employees and participants in the country’s "family subsidy" program for poor residents.
It is reported that this round of emergency relief funds will be issued in 4 months, that is, from April to July this year, the amount of relief will be adjusted according to the different circumstances of each family. In general, the average amount of assistance received per person per month is between 150 reais and 375 reais (approximately 178 yuan to 445 yuan); in terms of the number of recipients, Brazil will have 45.6 million residents. Accepting this round of rescues reduced 22.6 million people from the 68.2 million people in the middle of last year. In addition, compared with the aid standard of 600 reals (approximately RMB 711) per person per month in the middle of last year, the amount distributed this time has also dropped significantly.
05 The latest regulations of SOKHNA port in Egypt
The Egyptian government will implement the "Advanced Cargo Information (ACI) declaration" stipulation that all goods imported into Sokhna, the port of Sukhna, the consignee must first forecast the cargo data in the local system to obtain the ACI Number and provide it to the shipper. This ACI Number requires mandatory display on the bill of lading and manifest.
According to the port regulations, if the ACI Number cannot be provided, the goods will be forcibly returned to the port of loading by the port of destination, and there may be fines. At that time, all responsibilities and expenses will be borne by the shipper.
This new regulation will be implemented on April 1, 2021 on the arrival date.
For goods in transit, please check the arrival information as soon as possible. If the arrival date is April 1 or later, please contact the consignee to make up the ACI NO. To avoid the return of the goods and customs fines.
06 Tanzania implements new measures for local inspection of imported cars
The Tanzania Bureau of Standards stated that it will implement local inspections on imported vehicles from the beginning of April. The Bureau of Standards has stopped providing PVoC (Pre-shipment Qualification Verification) to foreign inspection agencies on February 28, and all imported vehicles purchased after that date must be tested in Tanzania. The importer will pay a $150 inspection fee to the Bureau of Standards for each car.
According to the Tanzania Bureau of Standards, the implementation of local inspections of imported cars is to increase government revenue. When implementing the pre-shipment inspection system, foreign inspection agencies transfer 30% of the inspection fee to the Tanzanian government. In the future, local testing will be implemented, and all testing costs will belong to the Tanzanian government.
07 The Eurasian Economic Union adjusts import tariffs on certain products
The Council of the Eurasian Economic Commission recently passed a resolution:
The import tariff rate of some graphite electrodes for metallurgy is determined to be 0%, and the implementation period is 2 years;
Reduce the import tariff rate of oxalic acid for rare earth smelting and pharmaceutical production from 6.5% to 0%, and the implementation period is 2 years;
Extend the implementation period of zero import tariff on superabsorbents used in the production of diapers by 3 years;
The import tariff rate of aluminum strip for cans will be increased from 10% to 12%, and the implementation period will be 2 years.
08 Uzbekistan temporarily cancels tariffs on imported cement
According to a recent report by Uzbekistan Newspaper Net, Uzbek President Mirziyoyev signed a presidential decree, deciding to suspend tariffs on imported cement from April 1 to October 1, 2021.
09 Oman implements a 5% value-added tax
On January 7, 2021, the Oman Tax Authority (Oman Tax Authority) announced an administrative decision to levy a 5% value-added tax (VAT) from April 16, 2021.
94 kinds of commodities, medicines and medical equipment are subject to zero-rated value-added tax, including meat, fish, poultry, dairy products, eggs, fruits and vegetables, coffee beans, tea, cardamom, grains, olive oil, sugar, baby food , Bread, bottled water and salt. Services such as education, healthcare and financial services will be exempt from value-added tax.
From February 1, 2021 to March 15, 2021, taxpayers whose annual sales exceed or are expected to exceed 1 million riyals must register for VAT. Those who fail to register within the specified time will face fines.
10 Bangladesh cracks down on money laundering crimes in trade
The Ministry of Finance of Bangladesh promulgated regulations on March 10, based on the "Bangladesh Foreign Exchange Regulation Act (1947)", to severely crack down on money laundering crimes in the field of import and export trade. Received a sentence of seven years in prison.
On March 15th, the Bank of Bangladesh has requested commercial banks to follow the instructions to track money laundering crimes in the trade sector. The Bangladeshi government is drafting a new "Foreign Exchange Management Act", which will cover the latest management regulations.
According to the latest "International Financial Integrity Report", 80% of Meng's money laundering crimes are related to false invoices. The report estimates that between 2008 and 2017, Bangladesh’s false invoicing in the trade sector caused a capital loss of US$7.53 billion.
False invoices and money laundering in the field of trade are related to importers, exporters and banks that issue letters of credit. The false quotations for import and export goods have therefore become an important concern of the Bangladeshi government. Bangladesh's "Fiscal Year 2020/2021 Fiscal Year" penalizes money laundering crimes is to impose a fine of more than twice and less than four times the amount of tax evasion for false declarations related to import, export and investment.
11 FBA New Regulations on Amazon UK Site
From April 1st, sellers of large items such as large household appliances, bicycles and treadmills on Amazon's UK site can use FBA (Fulfillment by Amazon) delivery.
Amazon announced that access to FBA for large objects will help improve logistics speed and consumer satisfaction. Sellers need to provide a distribution plan and the estimated floor area of the product. Sellers can see notifications from the platform on the product details page, and products that meet the standards can use FBA logistics after the new regulations take effect. The new regulations will apply to the five largest European countries-Britain, Germany, France, Italy and Spain.
The new regulations limit the volume of goods: the length does not exceed 300cm, and there is no circumference limit (but France, Italy and Spain have restrictions on the circumference, which cannot exceed 662cm); the weight of packages arriving in the UK cannot exceed 140kg, France The upper limit is 300kg, please refer to the official documents issued by Amazon in each region.
12 China continues to implement partial tax and fee preferential policies in response to the epidemic until December 31
On March 23, the Ministry of Finance and the State Administration of Taxation issued an announcement on the continuation of some preferential tax policies in response to the epidemic, including supporting individual industrial and commercial households to resume work and business, and supporting the development of the film industry.
Among them, the tax preferential policies stipulated in the "Announcement of the Ministry of Finance and the State Administration of Taxation on Supporting Individual Industrial and Commercial Households' Resumption of Value-Added Tax Policies" will be extended to December 31, 2021. From April 1, 2021 to December 31, 2021, small-scale VAT taxpayers in Hubei Province shall apply the taxable sales income at a rate of 3%, and the VAT shall be levied at a reduced rate of 1%; a 3% pre-collection rate is applicable For the pre-paid value-added tax items, the pre-paid value-added tax will be reduced at the pre-collection rate of 1%.
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