The Adjustment to the Consumption Duty Policy

Starting from 01 April 2006, significant adjustments will be made to the consumption duty policy in PRC, details as follows:

1. Adding new taxation items include golf and golf related accessories, high-class watches, yacht, disposable wooden chopstick, wooden floor and refined oil etc. Also, naphtha, white spirit, lubricant oil, fuel oil and aviation fuel have been newly added as a sub-item under refined oil. Besides, petroleum gas and diesel oil has also been classified as 2 sub-item under refined oil.

2. Cancel the tax item of "skin-care, hair-care product"

3. Adjust the tax rates of white wine, compact car, motor vehicle and automobile tires.

自2006年4月1日起，我國消費稅政策將進行重大調整,主要內容如下：

一、新增高爾夫球及球具、高檔手錶、遊艇、木制一次性筷子、實木地板及成品油等稅目。同時,成品油稅目新增石腦油、溶劑油、潤滑油、燃料油、航空煤油等五個子目，並調整原汽油、柴油稅目作為該稅目的兩個子目，

二、取消"護膚護髮品"稅目。

三、調整白酒、小汽車、摩托車、汽車輪胎等稅目的稅率。