Notice on Adjusting Catalogues and Provisions concerning Import Duty Policies for Major Technical Equipment

Notice on Adjusting Catalogues and Provisions...

China Tax Alert - Issue 2, January 2016

1000
China Tax Alert

On 1 December 2015, the Ministry of Finance, National Development and Reform Commission, Ministry of Industry and Information Technology, General Administration of Customs, State Administration of Taxation, and National Energy Administration jointly issued the Notice on Adjusting Catalogues and Provisions concerning Import Duty Policies for Major Technical Equipment (Cai Guan Shui [2015] No.51), which aimed to adjust the import duty policies for major technical equipment. The biggest changes are the adjustment of product catalogues set out in the Notice on Adjusting the Import Duty Policies for Major Technical Equipment (Cai Guan Shui [2014] No. 2). Manufacturers of major technical equipment supported by the state, domestic investment projects, foreign investment projects, R&D centres and technological transformation projects may refer to the requirements set out in the Notice and the catalogue list in the appendix, so as to make arrangements for equipment import during the transitional period, and prepare for tax break applications for the import under the new policies.

China Tax Alert

© 2024 KPMG Huazhen LLP, a People's Republic of China partnership, KPMG Advisory (China) Limited, a limited liability company in Chinese Mainland, KPMG, a Macau (SAR) partnership, and KPMG, a Hong Kong (SAR) partnership, are member firms of the KPMG global organisation of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee. All rights reserved.

The KPMG name and logo are trademarks used under license by the
independent member firms of the KPMG global organisation.

For more detail about the structure of the KPMG global organisation please visit https://kpmg.com/governance.

京ICP备12028186号-1
京公网安备11010102003233号

Connect with us

Stay up to date with what matters to you

Gain access to personalized content based on your interests by signing up today