From April 1 this year, China will adjust the equipment and product catalogues for major technical equipment import tax policies, import key parts and raw materials, import equipment and product catalogues that are not exempt from taxation, and parts and raw materials. Goods, exempt from customs duties and import value-added tax. On the afternoon of March 12, the Ministry of Finance website circulated the Notice on Adjusting the Catalogue of Import Tax Policies for Major Technical Equipment (hereinafter referred to as “Noticeâ€). The notice was jointly issued by the Ministry of Finance, the Ministry of Industry and Information Technology, the General Administration of Customs and the State Administration of Taxation. The notice pointed out that domestic enterprises that meet the specified conditions are necessary to import some of the listed commodities for the production of some listed equipment or products. From April 1 this year, customs duties and import value-added tax will be exempted. For domestic investment projects and foreign investment projects encouraged by the state, foreign government loans and international financial organization loan projects, foreign-invested projects that are not value-priced imported equipment by foreign companies, and foreign-invested advantageous industrial projects in the central and western regions, Continue to impose import duties.
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