Global Trade Alert
Global Trade Alert

China: 2012 update to catalogue of tax-free imports for the production of 'Major technical equipment'

Announcement

12 Mar 2012

March 12, 2012 - Six Chinese ministries jointly announced an update to their policy of tax-free imports for certain items pertaining to the manufacture of 'major technical equipment'.

Source

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Number of interventions

5

2 certainly harmful

0 likely harmful

3 liberalising

List of interventions

Implementation date

01 Apr 2012

Revocation date:

31 Mar 2013

Announced: 12 Mar 2012
Internal taxation of imports
In March 2012, the Chinese government announced a new version of a list of goods able to be imported tax-free (tariffs and VAT) when used in the production of certain kinds of 'major technical equipme...
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Announced: 12 Mar 2012
Tax or social insurance relief
The Chinese government has, since 2009, instituted a policy pertaining to 'Major Technical Equipment', through which firms in certain industrial sectors who produce this equipment may enjoy tax-free i...
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Announced: 12 Mar 2012
Import tariff
On the 12th of March, 2012, six Chinese government ministries* announced a revised version of the tax-free import policy for items used in the manufacture of 'major technical equipment'. 415 tariff li...
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Implementation date

01 Apr 2012

Revocation date:

31 Mar 2013

Announced: 12 Mar 2012
Tax or social insurance relief
China's 'Major Technical Equipment' policy grants tax-free imports to firms in certain sectors involved in the production of said equipment. This represents a sector-specific preferential tax policy f...
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Announced: 12 Mar 2012
Import tariff
In addition to the above, 11 items were removed from the list, meaning they could no longer benefit from the policy. A new list of 258 tariff lines was also introduced, which specified items that, whe...
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