Dear Valued Customers,
On 24th July 2013, COSCON has forwarded the Notice of Value-added Tax. According to the Notice, from 1st August 2013, the VAT 6% and additional tax will be charged based on all ocean freight and other related charges, which are collected by COSCO Container LinesĄŻ authorized agents in the scope of China mainland. The invoice billed from 1st August 2013 should be implemented.
Meanwhile, regarding to the business before 1st August 2013, we promise that we will bill invoices in accordance with the mode before Value-added Tax reform. The business date is divided as follows: for Outbound from China, the departure date of vessel; for Inbound to China, the switch-bill date. We will bear the loss of the tax due to our mistake that we have not billed timely.
Our agents and sub-agents in the region of China will spare no effort to bill invoices and arrange the related staff to instruct and explain the relevant problems. You can get more information from our official Website.
Besides COSCO Container Lines and our agents, the above notice also applies for Shanghai PanAsia Shipping Co., Ltd., and COSCO Container Lines South East Asia Pte. Ltd.
Thank you for your always support for COSCO Container Lines.
COSCO Container Lines Co., Ltd.
Date 26th July 2013