Recently, the Ministry of Finance jointly issued with the NDRC, the Ministry of Industry and Information Technology, the General Administration of Customs, the State Administration of Taxation and the Bureau of Energy, the "Circular on Catalogs of Tariffs for the Import and Export of Major Technological Equipment".
In order to implement the requirements of the State Council on the plan for the readjustment and rejuvenation of the equipment manufacturing industry, with the approval of the State Council, in August 2009, the six ministries and commissions such as the Ministry of Finance jointly issued the taxation policy on the import of major technology and equipment and supported domestic enterprises that supported the development of manufacturing equipment Of the major technical equipment or products and indeed it is necessary to import some of the key components and raw materials, customs duties and import VAT.
The Ministry of Finance and other six departments made adjustments to the three catalogs of the policy.For some of the technical equipment that already has a strong competitive edge, it is clearly stated in the Catalog of Important Technical Equipment and Products Not Import-Duty-Exempted that the import thereof is not tax-deductible, Which involves 10 kinds of agricultural machinery and technical equipment such as crawler tractors (see Annex 3). According to the adjustment of the "Catalog of Major Technical Equipment and Products Supported by the State for Development", the Catalog of Crucial Components and Raw Materials for Imported Major Technical Equipment shall be readjusted correspondingly It is necessary to import spare parts, raw materials to be tax-free, which involves some of the key components and raw materials of five kinds of agricultural machinery products such as high-powered tractors (see Annex 1-2).
Notice Concerning Catalogs for Adjusting the Import Taxation Policy of Major Technical Equipment
Financial Tariff [2017] No. 39
The departments of finance (bureaus), development and reform commissions, industrial and information administrations of all provinces, autonomous regions, municipalities directly under the Central Government and cities specifically designated in the state plan, the State Administration of Taxation, the finance bureau of Xinjiang Production and Construction Corps, the Guangdong branch of the National Development and Reform Commission and the General Administration of Customs, Ministry of Finance in all provinces, autonomous regions, municipalities directly under the Central Government and cities specifically designated in the state financial audit office:
According to the development of the domestic equipment manufacturing industry and its ancillary industries in recent years, on the basis of extensively listening to opinions of industrial authorities, trade associations and business representatives, the Ministry of Finance, the National Development and Reform Commission, the Ministry of Industry and Information Technology, , The State Administration of Taxation and the Bureau of Energy decided to revise the catalog of import taxation policies on major technology and equipment.
I. "Catalog of Major Technical Equipment and Products Supported by the State (Revised in 2017)" (see Annex 1) and "Key Components and Materials for Imported Major Technical Equipment and Products, Catalog of Raw Materials and Products (2017 Revision)" (see Annex 2) Since January 1, 2018, domestic enterprises that meet the prescribed conditions are indeed required to import the goods listed in Annex 2 for the production of the equipment or products listed in Annex 1 to this Circular, exempt from customs duties and value-added tax on imports. Annex 1, 2 in the implementation of the specified period, the equipment, products, parts, raw materials, tax-free implementation of the deadline for the year 31 December.
According to the development of domestic industries, from January 1, 2018, the tax exemption policy for Francis Hydro-turbine units and other equipment will be abolished, and the enterprises that manufacture and manufacture the related equipment and products will be canceled accordingly in 2018.
2. The Import of Important Technical Equipment and Products Catalog (2017 Revision) Not Exempting from Tax Duty (see Annex 3) shall be implemented from January 1, 2018. After January 1, 2018 (including January 1) The following items and enterprises approved for enjoying preferential import taxation according to the relevant provisions of the "Circular of the State Council on Adjusting the Tax Policy on Imported Equipment" (Guo Fa [1997] No. 37), importing the self-use equipment listed in Appendix 3, Equipment imported technology and ancillary components, spare parts, shall be levied according to the import tax revenue:
(1) Domestic investment projects and foreign investment projects encouraged by the state;
(2) loans from foreign governments and loans from international financial organizations;
(3) processing trade enterprises provided by foreign investors who do not import the equipment at a price;
(4) The advantageous foreign-funded industrial projects in central and western regions;
(5) Foreign-invested enterprises as stipulated in the "General Administration of Customs of the People's Republic of China on Further Encouraging Foreign Investment-related Tax Policies on Importation" (Department of Tax Administration [1999] No. 791) and research centers established by foreign investors shall make use of their own funds for technological transformation projects.
In order to ensure the smooth implementation of the aforesaid projects approved prior to the adjustment of "Import of major technical equipment and products without tax exemption (2017 Revision)", the above-mentioned projects and enterprises approved before December 31, 2017 (including December 31) Before June 30, 2018 (including June 30) imports of equipment, continue to follow the "Ministry of Finance, National Development and Reform Commission Ministry of Industry and Information Technology General Administration of Customs State Administration of Taxation on the adjustment of major technology and equipment import tax policy Catalog (Cai Guan Shui [2015] No.51) and Appendix 3 of the Circular of the State Administration of Customs and the General Administration of Customs of the State Development and Reform Commission on Adjustments <国内投资项目不予免税的进口商品目录>Notice (No. 83 of 2012).
Import tariffs will be levied on all the above-mentioned items and enterprises listed in the Imported Equipment for Major Technical Equipment and Products Not Tax-Exempted (Revised in 2017) since July 1, 2018. In order to ensure the consistency of policy implementation , The taxpayers are required to examine and approve the import of major technical equipment and products without tax exemption (2017 Revision) and the Catalog of Import Commodities Not Exempted from Taxes of Domestic Investment (2012 Adjustments) against the related items and the imported products of the enterprises. , "Import of major technical equipment and products without tax exemption" (revised in 2017) are the same as those listed in the "Catalog of Import Commodities Not Exempted from Taxes on Domestic Investment (2012 Adjustments)", or only in the " Tax-exempt major technical equipment and products catalog (revised in 2017) "listed in the" all imports of non-tax-exempt major technical equipment and products catalog (2017 Revision) "listed in the goods and its technical specifications .
From January 1, 2018, the "Circular of the State Energy Administration of the State Administration of Taxation of the Ministry of Finance and the National Development and Reform Commission on the Catalogs and Provisions Concerning the Adjustment of the Import Tax Policy on Major Technical Equipment" 〔2015〕 51) Annex 1, 2, 3 be repealed.
Annexes: 1. Major Technical Equipment and Product Catalogs Supported by the Country (Revised in 2017)
2. The major technical equipment and products imported key components, raw materials catalog (revised in 2017)
3. Import of major technical equipment and product catalogs that are exempt from tax exemption (revised in 2017)
Ministry of Finance, Development and Reform Commission Ministry of Industry and Information Technology
General Administration of Customs Administration of Taxation Energy Bureau
December 22, 2017
