Would you mind keeping me up to date on China’s VAT repeal on fasteners. My current US harmonized tariff codes are: 7318.16.0085, 7318.22.0000, 7318.15.2065, 7318.15.5090, 7318.23.0000, 7318.15.4000
Thank you.

ANSWER:

Dear Doug,

The VAT rebate is 5% for all the HS codes above according to current VAT rebate schedule in China.

Wishing you successful China sourcing!

Question answered by Mike Bellamy, host of “Ask the Experts” at the China Sourcing Information Center.

Mike Bellamy is an Advisory Board Member & Featured Blogger at the not-for-profit China Sourcing Information Center (www.ChinaSourcingInfo.org). He is also the author of, “The Essential Reference Guide to China Sourcing” (chinasourcinginfo.org/book) and founder of PassageMaker Sourcing Solutions (www.PSSchina.com)

 

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