China Adjusts Import Tax Policies For Major Technology Equipment Such As Large-Scale Environmental Protection Equipment
Ministry of finance, industry and Promotion of information technology The 4 departments of the Ministry of customs, the General Administration of customs and the State Administration of Taxation recently issued joint notices to the general public. environmental protection We should readjust the import tax policy of resources comprehensive utilization equipment, emergency diesel generator set, airport baggage automatic sorting system, heavy duty die forging hydraulic press and its key components and raw materials.
The notice said that since June 1, 2010, the domestic enterprises that meet the prescribed conditions are the major environmental protection enterprises supporting the development of the production country.
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It is necessary to import some key components and raw materials, including the comprehensive utilization equipment, the emergency diesel generator set, the airport baggage automatic sorting system and the heavy duty die forging hydraulic press, which are exempt from customs duties and import value-added tax.
The notice said that since January 1, 2011, the items listed in the third section of the Interim Regulations on the import of major technology and equipment in the annex [2009]55 to the fiscal attachments, and the self used equipment listed in Annex 3 of this circular, and the imported technology and matching parts and spare parts in accordance with the contract shall be subject to import tax.
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