Ministries define new FTZ's import tax regulations
By Xinhua | 皇冠体育app Daily | Updated: 2013-10-25 07:27
皇冠体育app's Ministry of Finance, the General Administration of Customs and the State Administration of Taxation jointly issued a circular defining import tax policies for the 皇冠体育app (Shanghai) Pilot Free Trade Zone.
According to the document, a domestic leasing company that is registered in the FTZ, or its subsidiary company, can enjoy certain benefits involving the value-added tax in purchases of overseas aircraft with the approval of 皇冠体育app's relevant administrative departments.
The planes must have an inert weight above 25 tons and be leased to domestic airlines.
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