|
Notice to Customers
Value Added Tax (VAT) in China
In accordance with the new Circular 37 of Cai Shui (2013) on "Tax Policy of Value Added Tax (VAT) Pilot Program on Transportation & Modern Services Sector", jointly issued by the Ministry of Finance (MOF) and the State Administration of Taxation (SAT) of P.R. China on 24 May 2013, the related VAT tax policy will be expanded nationwide with effect from 1 August 2013 onwards.
OOCL is defined as an international transport agency in China and as the general taxpayer of the logistics auxilary industry, is subject to 6% VAT according to the new regulations. In compliance with the policies stipulated in the Circular 37 of Cai Shui (2013), an additional 6% Value Added Tax (VAT) and associated surtaxes will be levied on top of the freight and surcharges payable at China as of 1 August 2013, based on the issuance date of the VAT invoice.
As such for all Southbound origin surcharges and freight charges payable in China, and Northbound destination surcharges and freight charges payable in China, a 6% VAT will be added to the invoice.
For any amendment request received on/after 1st August, 2013, a special VAT invoice is required to apply through the State Administration of Taxation (SAT) of PRC and a subsequent amendment fee at RMB500 will be levied.
For Southbound shipments with "freight prepaid" and surcharges to be settled elsewhere outside mainland China, customer is required to clearly specify the payment office and payer's full title at the time of Shipping Instruction (SI)) submission, otherwise SI amendment fee at RMB400 will be incurred after SI cut-off. Please note that payment elsewhere is subject to additional service charge, if any.
Please contact our Customer Service representatives, or visit www.oocl.com for any enquiries. Thank you for your understanding and continued support of OOCL.
For further information, please visit our local website www.oocl.com for these and other surcharges notices. If this page is useful to you, do bookmark for easy future reference.
OOCL is one of the world's leading container transport and logistics service providers, with more than 280 offices in 55 countries. Linking Asia, Europe, North America, the Mediterranean, Indian Sub-Continent, Middle East and Australia/New Zealand, OOCL offers transportation services to all major east/west trading economies of the world.
Yours faithfully,
OOCL (New Zealand) Ltd.
|