China will cut tax for new energy-efficient ships

China will cut tax for new energy-efficient ships

Beijing: China’s Ministry of Finance, State Administration of Taxation, Ministry of Industry and Information Technology have together released a notice for the tax exemption of new energy ships and vehicles.

According to the notice, ships and vehicles that adopt alternative energy will be exempted certain as yet unspecified taxes.

Currently the ministries are still working on the relevant standards for the tax exemption policy.

Jason Jiang

Jason worked for a number of logistics firms following his English degree, then switched this hands-on experience to writing and has since become one the most prolific writers on the diverse China logistics industry writing for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week. Jason’s access to the biggest shippers with business in China has proved an invaluable source of exclusives.

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