Global Trade Alert
Global Trade Alert

China: 2014 update to catalogue of tax-free imports for the production of 'Major technical equipment'

Announcement

18 Feb 2014

February 18, 2014 - 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 Mar 2014

Revocation date:

No revocation date

Import tariff

On the 18th of February, 2014, 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 productio...

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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 February 2014, the Chinese government announced an updated catalogue of goods that can be imported both tariff- and VAT-free when used for the production of certain kinds of 'major technical equipm...

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Implementation date

01 Mar 2014

Revocation date:

No revocation date

Import tariff

In addition to the above, one item was also removed from the tax-free roster. 17 items were also added to the list of dutiable imports if imported for use in projects benefiting from a 1997 policy (se...

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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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