How to Adjust the Tariff of Electronic Products Five Years after China’s Entry into WTO

In 2007, the five-year transitional period of China’s accession to the WTO has passed, and the level of China’s opening-up has further expanded. According to China’s commitment to join the World Trade Organization, since January 1, 2007, China has adjusted and reduced the most favored nation tax rate for 44 tax items. After adjustment, China’s total tariff level is 9.8%, with the average tax rate of 15.2% for agricultural products, 8.95% for industrial products, and 9.2% for electronic products.
According to China’s commitment to join the World Trade Organization, China has implemented zero tariffs on all information technology products with 256 tax items since January 1, 2005. In this situation, how to fully exert the economic leverage of tariffs, and how to exert the economic leverage of tariffs? Adjust tariffs on electronic products? This article makes some superficial views on this issue:

1、 Timely and reasonably adjust the tariff rates and tax items of China’s electronic products in accordance with relevant WTO rules.

After China’s accession to the World Trade Organization, it must adjust tariffs in accordance with the relevant rules of the WTO. The tariffs imposed by China on electronic products fall into two categories. First, tariffs on electronic products under information technology agreements; The other is tariffs on consumer goods and some electronic components. In 2007, China did not adjust the most favored nation tax rate for these two types of electronic products; In accordance with the national macro-control policies, the development of production technology in China’s electronic and information industry, the import and export of electronic products, and related industrial policies, our company has formulated and adjusted some key imported components for the production of electronic products. Information technology agreements, raw materials and some consumer goods and electronic components, as well as provisional import tariff rates for 2007; According to the relevant agreements signed between China and relevant countries, treaty tax rates and preferential tax rates have been formulated; According to the relevant regulations on tariff conversion under the World Customs Organization Harmonized System, the current tariff items of electronic products in China have been comprehensively adjusted; After the tax conversion, the original 12 non comprehensive tax categories of information technology products were reduced to 9. In 2007, the customs continued to implement customs inspection and management on 9 non comprehensive tax items of information technology products. According to the relevant agreements signed between China and relevant countries, treaty tax rates and preferential tax rates have been formulated; According to the relevant regulations on tariff conversion under the World Customs Organization Harmonized System, the current tariff items of electronic products in China have been comprehensively adjusted; After the tax conversion, the original 12 non comprehensive tax categories of information technology products were reduced to 9. In 2007, the customs continued to implement customs inspection and management on 9 non comprehensive tax items of information technology products. According to the relevant agreements signed between China and relevant countries, treaty tax rates and preferential tax rates have been formulated; According to the relevant regulations on tariff conversion under the World Customs Organization Harmonized System, the current tariff items of electronic products in China have been comprehensively adjusted; After the tax conversion, the original 12 non comprehensive tax categories of information technology products were reduced to 9. In 2007, the customs continued to implement customs inspection and management on 9 non comprehensive tax items of information technology products. The current tariff items of electronic products in China have been comprehensively adjusted; After the tax conversion, the original 12 non comprehensive tax categories of information technology products were reduced to 9. In 2007, the customs continued to implement customs inspection and management on 9 non comprehensive tax items of information technology products. The current tariff items of electronic products in China have been comprehensively adjusted; After the tax conversion, the original 12 non comprehensive tax categories of information technology products were reduced to 9. In 2007, the customs continued to implement customs inspection and management on 9 non comprehensive tax items of information technology products.

2、 Adjustment of the provisional import tariff rate of some electronic products and raw materials in 2007.

From January 1, 2007, based on the development of production technology for flat panel televisions, liquid crystal panels, plasma displays, and mobile phones in China, as well as upstream and downstream production facilities and domestic product imports and exports, the provisional import tariff rate for liquid crystal panels in 2006 will be appropriately increased; The provisional import tariff rates for 2007 for silver electrode paste, dielectric paste, barrier paste, fluorescent paste, and patch filter used in the production of flat panel televisions have been added; A unified provisional import tariff rate has been established for mobile phone camera modules with basic functions such as automatic exposure, automatic white balance, Ycbcr (YuY), RGB, Raw, and Data formats; Added the provisional import tariff rates for sapphire substrates used in the production of semiconductor light-emitting diode chips and components for computer direct platemaking machines in 2007; Cancel the provisional import tariff rates for ultra fine dry plates and glass umbrella plates for insulators in 2006; Adjust the provisional import tariff rate for commercial products with a power of no more than 0.5W in 2006 (cylindrical: no more than 6mm in diameter, no more than 25mm in height; oblate: no more than 15mm in diameter, no more than 5mm in thickness), such as micromotors not used for the movement of compact disc players, laser transceivers (exciters) of compact disc players; The commodity range of electronic products such as epoxy resin with a bromine content of more than 18%, glass fiber cloth for the production of copper clad panels, and raw materials for the production of electrostatic photosensitive multifunctional machines and electronic products with a provisional tax rate of 2006 have been adjusted; Polycrystalline silicon, lithium cobalt oxide, optical corrosion resistant dry film for printed circuit board manufacturing, glass capillary tubes for optical communication low-light components, positioning tubes, optical flat glass with a thickness of less than 0.7 mm, display tube glass shells and components, light filter glass strips, infrared ray and anti reflection films, conductive glass, high strain point glass for plasma module production, iron nickel alloy strips, copper foil for copper clad plates and printed circuit boards, automatic teller machines Precision micromotor laser disk movements such as cash machines, and electronic products and raw materials such as 980 nm wavelength division multiplexing optical transmission equipment 1480 nm pump lasers in 2007 are still subject to the provisional tax rate of 2006; Electronic products such as computer direct plate making equipment and semiconductor modules with current conversion functions are still subject to the provisional tax rate set on November 1, 2006. (See attached table for details)

3、 Implementation of agreed tax rates and preferential tax rates for some electronic products in 2007.

According to the trade or tariff preference agreement signed between China and relevant countries or regions, China has implemented the “Asia-Pacific Trade Agreement” treaty tariff rate on some electronic products originating in South Korea, India, Sri Lanka, Bangladesh and Laos since January 1, 2007; The tariff rate of China-ASEAN Free Trade Area Agreement shall be applied to some electronic goods originating in Brunei, Indonesia, Malaysia, Singapore, Thailand, the Philippines, Vietnam, Myanmar, Laos and Cambodia; Apply the agreed tariff rate of “China Chile Free Trade Agreement” to some electronic goods originating in Chile; Apply the “early harvest” agreement tax rate of the China-Pakistan Free Trade Zone to some electronic goods originating in Pakistan; Zero tariff will be applied to some electronic products originating in Hong Kong and Macao, China, which have completed the approval of the standard of origin.
According to the trade or tariff preference agreements signed between China and relevant countries or regions and relevant decisions of the State Council, China applies preferential tax rates to some electronic products originating in Laos, Cambodia, and Myanmar under the “China Trade” framework. “ASEAN Free Trade Area” as of January 1, 2007; For people from the Republic of Angola, the Republic of Benin, the Republic of Burundi, the Republic of Cape Verde, the Central African Republic, the Union of the Comoros, the Democratic Republic of the Congo, the Republic of Djibouti, Eritrea, the Federal Democratic Republic of Ethiopia, the Republic of Guinea, the Republic of Guinea Bissau, the Kingdom of Lesotho, the Republic of Liberia, the Republic of Madagascar The Republic of Mali has 28 African least developed countries,

4、 Overview of the 2007 tax code conversion of electronic products.

[! — empirenews. page –] According to the version transfer of the Harmonized System of the World Customs Organization and in combination with the actual situation of China, China’s tax rules and tax items were changed accordingly in 2007, that is, to implement the version transfer of the tax rules. In 2007, China’s tax code conversion involved 1600 national eight-digit sub-items. Due to the rapid development of electronic products technology and the rapid upgrading of products, the tax items of China’s electronic products have changed the most since the version of the tax code was changed in 2007. Some electronic products have changed not only the 8-digit, 7-digit, 6-digit and 4-digit tax codes, but also the 2-digit tax codes and chapters. For example, the original 84 chapters, 84716011 LCD tax items, after the version of China’s tax code was changed in 2007, It is included in Chapter 85, Tax No. 85285110, “Other LCD monitors dedicated to or mainly used in automatic data processing systems of Tax No. 8471”. The details will be introduced in another article.

How to Adjust the Tariff of Electronic Products Five Years after China’s Entry into WTO