Abstract From January 1st, large-scale railway maintenance machinery, natural gas pipeline transportation equipment, airport-specific ground equipment, and solar battery production equipment imported under China's domestic investment projects will no longer enjoy the tax exemption policy. Recently, the Ministry of Finance, the National Development and Reform Commission, the General Administration of Customs, the country...
From January 1st, large-scale railway maintenance machinery, natural gas pipeline transportation equipment, airport-specific ground equipment, and solar battery production equipment imported under China's domestic investment projects will no longer enjoy the tax exemption policy. A few days ago, the Ministry of Finance, the National Development and Reform Commission, the General Administration of Customs, and the State Administration of Taxation, after adjusting some of the items in the Catalogue of Imported Commodities Not Subject to Tax Exemption (2008 Adjustment), jointly issued the "Domestic Investment Projects". Catalogue of duty-free imported goods (adjusted in 2012) (hereinafter referred to as the new catalogue).
There are a total of 944 new catalog entries. The adjustment involves 454, including 130 new ones, 11 mergers and deletions, 227 technical specifications, 87 tax adjustments, and 62 equipment name adjustments.
According to the introduction of the Customs Department of the Ministry of Finance, the new entries mainly include two parts: one is the major technical equipment that has been restored to taxation under the relevant special policies, including large-scale railway maintenance machinery and natural gas pipeline transportation equipment; Domestic equipment that has manufacturing capacity and technical performance that meets domestic needs, as well as equipment that will form considerable manufacturing capacity in the short term, including airport-specific ground equipment, packaging machinery, marine equipment, and solar cell production equipment.
The equipment to improve the import tax-free technical specifications is mainly equipment that has made breakthroughs in domestic technical level in recent years, involving CNC machine tools, stamping equipment, electronic instruments, printing machinery, environmental protection machinery, food processing equipment, metallurgical machinery, power generation equipment, etc. industry. At the same time, the technical specifications for some equipment that cannot meet the requirements in China have been lowered, including special equipment for nuclear power, passenger car molds, and medical production equipment.
The Customs Department of the Ministry of Finance stated that the main purpose of the adjustment of the name and tax number of some equipment items is to adapt to the need for tax transfer and facilitate the operation of the administrative department, customs declaration enterprises and taxpayers.
At the same time, the Customs Department of the Ministry of Finance said that the revision of the catalogue mainly follows three principles: First, continue to support enterprises to introduce advanced technology and equipment that cannot be produced domestically, and promote industrial upgrading and technological progress; second, to purchase domestically produced equipment for enterprises under the same conditions. Provide a fair and reasonable external environment to promote the healthy development of the equipment manufacturing industry; third, effectively take into account the needs of the upstream and downstream industries and equipment manufacturing and use departments.
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