China announces tax exemption for imported exhibits at Canton Fair

(ECNS) -- Imported exhibits within the duty-free quota sold during the Canton Fair 2023 will be exempt from import duty, import value-added tax, and consumption tax, according to Chinese authorities on Saturday.

The statement was issued by China's finance ministry, the General Administration of Customs, and the State Taxation Administration.

The policy covers four categories of exhibits including machinery and equipment, medical devices, pearls, gems, precious metals, and other types.

Goods such as tobacco, alcohol and automobiles will not enjoy the tax cut at the fair , the ministry said.