Global Trade Alert
Global Trade Alert

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

Announcement

28 Aug 2023

In August 2023, the Ministry of Finance introduced a VAT refund policy for R&D centres when they purchase domestically made equipment.

Source

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Number of interventions

2

2 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

28 Aug 2023

Revocation date:

31 Dec 2027

Updated: 28 Aug 2023
Local content incentive In force

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 f...

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Updated: 28 Aug 2023
Tax or social insurance relief In force

On 28 August 2023, the Ministry of Finance published Announcement 41/2023, introducing a VAT refund policy for R&D centres when they purchase domestically made equipment. The policy is in ...

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