What is the Alternative Minimum Tax?

The minimum tax rate is also known as the "preferential tax rate". China's tariff rate. There are two types of tariffs on imported goods in our country, namely the minimum rate and the ordinary rate. Countries that have trade treaties or agreements with China concerning tax provisions apply the minimum tax rate. The minimum import duty rate of China's current tariff is from 3% to 150%, which is determined according to different imported goods. ^[1]