Experiment in international shipping tax policies

Updated: 2012-02-27

Experiment in international shipping tax policies

According to the notice jointly issued by the Ministry of Finance and the State Administration of Taxation in August 2011, the: income obtained by shipping enterprises registered in Dongjiang port from international shipping business; the income obtained by storage, logistic and other service enterprises in Dongjiang port from cargo transport, storage and handling services; and the income obtained from insurance enterprises registered in Tianjin from international shipping insurance services, shall all be exempted from sales tax.

Under the support of the policies, Dongjiang port strives to double the number of shipping companies in 2013.

Through a series of reforms in shipping finance, the Dongjiang Free Trade Port Zone is being brought in line with international practice of free trade zones in an accelerated manner.