China To Adjust Import Tax Of Major Technical Equipment Catalogs And Product Lists - Technical

HC plastic mesh News: 26, from the Ministry of Finance was informed that the Ministry of Finance

, Customs Department and the State Administration of Taxation recently issued a notice of China's major technology and equipment import tax policies with the Interim Provisions on the attached list of goods and equipment catalog to be adjusted.

Ministry of Finance said that the adjustment is based on "the National Development and Reform Commission Ministry of Finance Ministry of Information Industry and State Administration of Taxation State Administration of Customs Energy Council on Adjusting the Tax Policy of major technology and equipment import notification "made.

Under notice, "State support for development of major technologies and equipment and product catalog (2010 Amendment)" and "imports of major technical equipment and key spare parts, raw materials, list of goods (2010 Amendment)" from 2010 April 25 the date of implementation, the required conditions of goods, tariffs and import VAT.

"No duty-free imports of major technical equipment and product catalog (2010 Amendment)" Since April 25, 2010 from the implementation of the Interim Provisions on the newly approved projects and the third the required conditions listed in the import of technology and accessories, spare parts, should be subject to import taxes. April 25, 2010 (not including) the approval of the above-mentioned items and equipment, in the October 25, 2010 to continue in accordance with the provisions of the original provisional implementation of the relevant Annex; since October 25, 2010 onwards (inclusive) shall be levied on the project equipment import tax.

Notice that a new application to enjoy urban rail transit vehicles and electrical equipment, high speed EMUs, high-power locomotives, large railway maintenance machinery, large Environmental protection And resource comprehensive utilization equipment, large-scale imports of construction machinery in the field of corporate tax incentives, should be 2010, April 25 to May 25 to submit application documents, specific application procedures and requirements shall be in accordance with the Interim Provisions on the regulations. Since April 25, 2010, the new applicant with receiving documents issued by the department, may apply to Customs duty guarantee first and go with the parts and raw materials for clearance.

From July 1, 2009, the urban rail transit project owners assume independence relies on the import of urban rail transit vehicles and key components required for mechanical and electrical equipment, raw materials, exemption from import duties and import VAT.

Mass transit, nuclear power, relying on self-commitment for the project owners to enjoy preferential tax policies for imports of major technical equipment, and materials in the project plan is finalized, were imported to the State Development and Reform Commission, National Energy Board to submit the application documents. Projects in these areas in 2010 for owners to enjoy the preferential import tax, shall be in May 25, 2010 to submit the application documents.

Notice also pointed out that under the development of related domestic industries, "the State to support the development of major technologies and equipment, and product catalog (2010 Amendment)" on the wind turbine (s) and supporting parts, CNC equipment and features, etc. in the field of application requirements have been adjusted. The second half of 2009 has identified the areas of eligible enterprises, such as corporate policies and equipment to enjoy the technical specifications or Sell Performance requirements in Annex 1 of this notice concerning adjustments, the original tax-exempt status recognized in the April 25, 2010 prior to the effective.

by: gaga

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