Latest Interpretation of Import and Export Tariff Policies

The General Administration of Customs has released new import and export tariff adjustment policies, affecting tax rates across multiple product categories. This article provides a detailed breakdown of the key policy points.

I. Policy Background

To support high-quality development of foreign trade and promote industrial structure optimization and upgrading, the General Administration of Customs has jointly issued with the Ministry of Finance and the State Taxation Administration the 2026 import and export tariff adjustment plan.

II. Key Adjustments

1. Reduce import tariffs on select products

Reduce import tariffs on high-tech products, key components, medical equipment, and other goods by an average of about 5%.

2. Optimize export tax refund policies

Increase export tax refund rates for select high value-added products to support companies in expanding into international markets.

3. Simplify the通关 process

Promote convenient measures such as "advance declaration" and "two-step declaration" to reduce overall customs clearance time.

III. Recommendations for Enterprises

Import-export businesses should stay informed of policy changes, optimize their product mix and trade methods, and fully leverage policy incentives to reduce tax burdens.

FortunaLink's customs clearance team provides expert policy consulting and clearance services.