Global Trade Alert
Global Trade Alert

China: 2015 update to catalogue of tax-free imports for the production of 'Major technical equipment'

Announcement

07 Dec 2015

December 7, 2015 - 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 Jan 2016

Revocation date:

No revocation date

Import tariff

On the 7th of December 2016, 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 ...

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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 December 2016, the Chinese government added 50 tariff lines to a catalogue of products eligible for tax-free (tariffs and VAT) imports when used to produce certain types of 'major technical equipme...

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Implementation date

01 Jan 2016

Revocation date:

No revocation date

Import tariff

In addition to the above, 138 items were also removed from the tax-free roster. 23 items were also added to the list of dutiable imports if imported for use in projects benefiting from a 1997 policy (...

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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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