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GAC's New Legislative Efforts to Promote Innovation of Processing Trade

GAC's New Legislative Efforts to Promote Innovation...

China Tax Alert - Issue 36, December 2016

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中国税务快讯

With the domestic market increasingly thriving, great efforts have been made to seek new directions in developing the processing trade. Those innovative projects, such as contract processing occurring within the SCSZ and export processing, have opened a new chapter of processing trade. The General Administration of Customs of China (GAC) has recently released several announcements on the supervision of the processing industry in China so as to ensure that the industry develops in a sound way, and is regulated and uniformly managed by the GAC. Our analysis and recommendations are shared in this tax alert.

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© 2022 KPMG Huazhen LLP, a People's Republic of China partnership, KPMG Advisory (China) Limited, a limited liability company in Mainland China, KPMG, a Macau (SAR) partnership, and KPMG, a Hong Kong (SAR) partnership, are member firms of the KPMG global organisation of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee. All rights reserved.

The KPMG name and logo are trademarks used under license by the independent member firms of the KPMG global organisation.

For more detail about the structure of the KPMG global organisation please visit https://home.kpmg/governance.

京ICP备12028186号-1
京公网安备11010102003233号

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