Ref: HKG-2013-59

Value Added Tax (VAT)

Dear Customers,

In accordance with the new circular 37 of Cai Shui [2013] on “Tax Policy of VAT Pilot Program on Transportation & Modern Services Sector”, jointly issued by the Ministry of Finance (MOF) and the State Administration of Taxation (SAT) of PRC on 24 May 2013, the related VAT tax policy will be expanded nationwide with effect from 1 August 2013. Simultaneously, the regulations regarding the VAT pilot program effective since 1 January 2012 were announced to be abolished. Please refer to Cai Shui [2013] (Circular 37) for more details.

In light of the above, we, OOCL as the general taxpayer of the Modern (Logistics Business) Service Sector, will adhere to the new regulation. In compliance with the above-mentioned policy, an additional 6% Value-Added Tax (VAT) will be levied on top of the freight and charges payable at China starting from 1 August 2013, based on the issuance date of the VAT invoice. 

Please contact our Customer Service representatives, or visit www.oocl.com for any enquiries. Thank you for your understanding and continued support of OOCL.