Independent journal on economy and transport policy
07:26 GMT+2
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China extends its port tax reduction programme until the end of the year
The amount of the planned cut amounts to approximately US 136 million dollars over nine months
July 2, 2020
g src="/images/iMinizionotizia.gif" width="70" height="17" border="0" style="vertical-align: middle;">Beijing's Ministry of Transport has announced the extension until December 31st of the tax reduction plan port companies that provides a 20% discount of port fees landed and boarded goods and taxes to cover the port security costs. The ministry has announced that since last March, when it started to apply this discount program to counter the impact of the pandemic Covid-19 on the logistics sector, until last month these tariffs have been reduced by a total of 380 million yuan (54 million dollars) and specified that in the second half of the year 2020 is expected to account for the total of these taxes will be reduced by another 580 million yuan.
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