News
The U.S. Federal Maritime Commission will pick up China's Value Added Tax (VAT) as one of the mattered to be considered at the commission meeting slated for September 18. The theme, which is allegedly is affecting ocean export freight shipments from China, will be discussed in closed session.
The 6% VAT was introduced on August 1, 2013 and applies to domestic shipping, logistics and forwarding in China. The National Industrial Transportation League (NITL), one of the most influential shippers' bodies in the U.S., claimed there is confusion on how it applies to international freight traffic and asked the FMC to obtain clarifications on the VAT from the Chinese government.
