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Global Trade Alert

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China: VAT refund policy for R&D centres that purchase domestically made equipment

Description

On 28 August 2023, the Ministry of Finance published Announcement 41/2023, introducing a local content incentive for R&D centres to purchase domestically made equipment. The policy is in force unt...

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Intervention Details

Intervention Type

Local content incentive

MAST Chapter

I: Trade-related investment measures

Implementation date

28 Aug 2023

Revocation date

31 Dec 2027

Implementation level

National

Affected flow

Inward

Announced as temporary

Yes

Eligible firms

all

Affected Trading Partners

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Affected Sectors

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Affected Products

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