GACC Issued Standards for Declaration of Tax-related Elements

On November 17, 2022, the General Administration of Customs (GACC) issued the Announcement on Publishing the Standards for the Declaration of Tax-related Elements in the Document of Customs Advanced Certification Enterprise Standard (“Announcement”). The Announcement defines that the declaration of tax-related elements refers to the fact that consignees and consignors of imported and exported goods fulfill the main responsibilities of compliant self-declaration and self-payment of taxes, and declare the name, specification & model of goods, tax code series, price, country of origin and other tax-related elements in a true, accurate, complete and standardized manner to ensure that taxes should be paid in full. The annex to the Announcement released the Standards for the Declaration of Tax-related Elements (“Standards”), which clarifies three situations for determining whether the tax-related elements declaration standards of newly applied advanced certification enterprises meet the standards.