Global Trade Alert
Global Trade Alert

China: Additional 'super-input VAT credit' for industrial machinery enterprises

Announcement

15 Sep 2023

In July 2023, the Chinese government announced an additional 15% 'super-input VAT credit' for advanced industrial machinery companies applicable for the period 2023-2027.

Source

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

01 Jan 2023

Revocation date:

31 Dec 2027

Announced: 15 Sep 2023
Tax or social insurance relief In force
On 17 July 2023, the Chinese Ministry of Finance and State Taxation Administration published Caishui 2023/25, announcing an additional 15% 'super-input VAT credit' for enterprises that produce and sel...
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