New
rules have been issued by the Ministry of Finance and State
Administration of Tax in their Cai Shui no.37 (Circular 37) regarding
application of VAT to ocean transport services. The majority of carriers
have confirmed that they will start to debit 6 % VAT on all charges
payable in China.
There is a great deal of uncertainty about the application of the new rules and some carriers are seeking clarification with Ministry of Finance and State Administration of Tax. We understand that until those carriers receive clarification of the rules and their application to ocean shipping, existing invoicing arrangements will remain unchanged.
As is often the case with changes to regulations in China there will be some contradictory statements and we cannot make definitive statements regarding implementation at present.
We have compiled the below information from carrier notices:
The following carriers have indicated that they will apply the 6% VAT charge on all invoices payable in the PRC from 1st August 2013based on the issuance date of the VAT invoice.
OOCL, Hamburg Sud, MSC, MOL, NYK Lines, CSAV, China Shipping Container Lines
The following carriers have stated that existing invoicing arrangements will remain unchanged until they have obtained clarification with the Chinese Authorities
Evergreen, Maersk, MCC
Source: http://www.bifa.org/content/popmessage.aspx?sec=2&id=3642
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