Georgia Enjoys Zero Rate Custom Duty Effective 2018


Effective January 1, 2018, Georgian wines entitled zero custom duty rate (0%) imported into China, while consumption tax (10%) and value-added tax (17%) are remained unchanged.

This made Georgia the third wine producing country outrun Australia who enjoyed this tax-free advantage after New Zealand (2012) and Chile (2015). Although the Australian Government also entered the Free Trade Agreement with China in 2015, while the custom duty was set to decrease progressively to 0% in 5 years until 2019. Custom duty for Australian (bottled) wines is decreased from 5.6% in 2017 to 2.8% in 2018.

The current import taxes to bottled wine and bulk wine are 14% and 20% respectively based on CIF price calculation.

#Georgianwine #FreeTradeAgreement #customduty #consumptiontax #valueaddedtax #bottledwine #bulkwine #Australianwine

Featured Posts
Recent Posts
Search By Tags
尚無標記。
Follow Us
  • Facebook Classic
  • Twitter Classic
  • LinkedIn Social Icon

One-stop Service & Solution Provider to Your China Wine Business

Contact Info:

 

Unit D07, 2/F, V-Business Center,
53 Hua Le Road, 

Guangzhou, 510060, China

 

+86 (20) 8709  6110

Leave us a message if you have any inquiries.

© 2016 by Lifica Limited    All Rights reserved