subject: Foreign Purchases Of Domestic Equipment Investment Tax Refund Notice [print this page] On foreign investment projects Purchase Domestic equipment tax notice of the policy
Guo Shui Fa [2008] 121 Provinces, autonomous regions, municipalities and cities under separate state programs, Development and Reform Commission:
To foreign investment in domestic equipment purchased for the project tax rebate policy, now the issues as follows:
1, July 1, 2006 has been approved by the relevant departments in accordance with the provisions of foreign investment projects (hereinafter referred to approved projects), where a notice issued this year, before the press, "the State Administration of Taxation, National Development and Reform Commission on Printing 's notice "(Guo Shui Fa 2006 No. 111) provides tax refund, the foreign-invested enterprises in February 28, 2009 to the enterprise of the province (autonomous regions, municipalities and cities with independent planning) application State Tax , approved according to "State Administration of Taxation issued 's notice" (Guo Shui Fa 1999 No. 171) provides tax refund (tax authorities, after receiving this notice shall promptly inform the relevant enterprises), limit no longer apply. Before the issuance of this notice in accordance with stipulations of Circular No. 2006 111 tax refund procedures stipulated in the documents and other items have been approved and after 1 July 2006 approved foreign investment projects, all in accordance with stipulations of Circular No. 111, 2006, the provisions of document tax refund.
II project confirmation of the process, be required in the project approval and procurement contract in domestic equipment within three months after the project owner unit according to the procedure to apply to the development and reform departments. Each project can only handle a project confirmation, list of equipment should in principle be issued simultaneously with the project confirmation letter. For some projects a long time, large-scale procurement of equipment, in the process of the project confirmation letter can not be determined when all the equipment list of items, items can take a confirmation process in batches to confirm the list of items the way, but more than twice a year while the list of recognized .
3, are added taxation of foreign investment enterprises to purchase domestic equipment, purchase of equipment shall issue special VAT invoices for 90 days from the date of certification to the competent tax authorities, not certified or certification has not adopted be no refunds.
4, have been refunds of domestic equipment 5-year monitoring period to the tax authorities issued the China-made equipment, "income return book" on the start date for the start date. Under supervision, foreign-invested enterprises shall have the drawback equipment storage areas, fixed asset accounting books and equipment certificate information encoded digital photos to the competent tax authority for reference; the competent tax authority should regularly check the operations of the domestic equipment, such as shall pay an overdue tax policy occurs according to the law to pay an overdue tax situations.
Five other matters based upon the State Administration of Taxation 2006 111 documents provisions.
6, the newly revised "The People's Republic of China Interim Regulations on Value Added Tax" into force, January 1, 2009 compliance approved by the encouraged projects with foreign investment policy applicable, separately.
State Administration of Taxation National Development and Reform Commission
2?? Eight years on December 16
Foreign Purchases Of Domestic Equipment Investment Tax Refund Notice
