Some technical equipment imports are exempt from customs duty-added tax

Views:3     Author:Site Editor     Publish Time: 2019-01-02      Origin:Site

The Ministry of Finance and the National Development and Reform Commission and other six departments jointly issued the "Notice on Adjusting the Catalogue of Import Tax Policies for Major Technical Equipments", stating that "National Support for Development of Major Technical Equipment and Product Catalogue (Revised in 2018)" and "Major Technical Equipment" And the catalogue of key parts and raw materials for importing products (revised in 2018) shall be implemented from January 1, 2019. It is necessary for domestic enterprises that meet the prescribed conditions to import the goods listed in the notice for the production of the equipment or products listed in the notice. Exemption from customs duties and import value-added tax.

The Importation of Major Technical Equipment and Product Catalogues Not Exempted from Taxation (Revised in 2018) will be implemented as of January 1, 2019.

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