Vessel Tonnage Tax Law of the People's Republic of China.

This Law consists of 22 Articles. Vessel tonnage tax shall be paid in accordance with this Law on vessels that enter the domestic ports of the People's Republic of China from overseas ports. The taxable items and tax rates for tonnage tax shall be governed by the Table of Taxable Items and Tax Rates for Tonnage Tax attached to this Law. The amount of tonnage tax payable shall be calculated by multiplying the net tonnage of a vessel by the applicable tax rate. Article 9 provides for the vessels which shall be exempt from tonnage tax, including fishing vessels.