China Exempts Museums From Certain Import Duties, VATs
China recently announced that public science museums, natural museums and planetariums are exempted from import duties and value-added taxes when importing certain goods, the Hong Kong Trade Development Council reported May 7. The exemptions, which last through Dec. 31, 2025,…
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will apply to certain copies of hard drives carrying science films and “popular science equipment, exhibits, special software and other items for own use” that domestic manufacturers can’t produce.