Global Trade Alert
Global Trade Alert

China: 2013 update to catalogue of tax-free imports for the production of 'Major technical equipment'

Announcement

25 Mar 2013

March 25, 2013 - Six Chinese ministries jointly released an updated version of the list of goods which could be imported tax-free for the production of certain types of 'major technical equipment'.

Source

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Number of interventions

5

2 certainly harmful

0 likely harmful

3 liberalising

List of interventions

0 in force

Implementation date

01 Apr 2013

Revocation date:

No revocation date

Import tariff

On the 25th of March 2013, six Chinese ministries* jointly announced an update to the list of goods that can enjoy tax-free (tariffs and VAT) imports, provided that they are used for the production of...

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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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Internal taxation of imports

In March of 2013, the Chinese government published a new version of a list of goods which are able to be imported both VAT- and tariff-free should they be used in the manufacture of certain types of '...

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Implementation date

01 Apr 2013

Revocation date:

No revocation date

Import tariff

In addition to the above, 631 tariff lines were removed from the list, so could no longer enjoy tax-free imports. These were mostly reinstated in 2014 (206 were not).

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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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