Notice on Adjusting the Catalogue of Import Tax Policies for Major Technical Equipment (Textile Machinery)

Release time:

2018-12-17

According to the development of the domestic equipment manufacturing industry and its supporting industries in recent years, and on the basis of extensively listening to the opinions of industry authorities, industry associations and enterprise representatives, the Ministry of Finance, the Development and Reform Commission, the Ministry of Industry and Information Technology, the General Administration of Customs, the State Administration of Taxation and the Energy Bureau have decided to revise the relevant catalogue of import tax policies for major technical equipment.

Finance departments (bureaus), development and reform commissions, industry and information departments of all provinces, autonomous regions, municipalities directly under the Central Government, and cities under separate state planning, Xinjiang Production and Construction Corps Finance Bureau, Development and Reform Commission, Guangdong Branch of the General Administration of Customs, all directly affiliated customs, and the State Administration of Taxation Tax bureaus of all provinces, autonomous regions, municipalities directly under the Central Government, and cities under separate state planning, and the Ministry of Finance in all provinces, autonomous regions, autonomous regions, autonomous regions, municipalities:

According to the development of the domestic equipment manufacturing industry and its supporting industries in recent years, and on the basis of extensively listening to the opinions of industry authorities, industry associations, and enterprise representatives, the Ministry of Finance, the Development and Reform Commission, the Ministry of Industry and Information Technology, the General Administration of Customs, The State Administration of Taxation and the Energy Bureau decided to revise the relevant catalogue of tax policies for the import of major technical equipment. We hereby notify you as follows:

I. The Catalogue of Major Technical Equipment and Products Supported by the State for Development (Revised in 2018) (see Annex 1) and the Catalogue of Key Parts and Raw Materials for Imports of Major Technical Equipment and Products (Revised in 2018) (see Annex 2) will be implemented from January 1, 2019. It is really necessary for domestic enterprises that meet the prescribed conditions to import the commodities listed in Annex 2 in order to produce the equipment or products listed in Annex 1 of this notice, exemption from customs duties and VAT on imports. If the implementation period is listed in Annexes 1 and 2, the implementation period of tax exemption for relevant equipment, products, parts and raw materials shall end on December 31 of the year.

According to the development of the domestic industry, starting from January 1, 2019, the tax exemption policy for equipment such as million-kilowatt nuclear power units (second-generation improved nuclear power units) will be canceled, and the 2019 tax-free import quota for enterprises manufacturing related equipment and products will be canceled accordingly.

2. The Catalogue of Major Technical Equipment and Products Imported without Duty Exemption (Revised in 2018) (see Annex 3) shall be implemented from January 1, 2019. For the following projects and enterprises approved after January 1, 2019 (including January 1) that enjoy preferential import tax policies in accordance with or in accordance with the relevant provisions of the notice of the State Council on adjusting the tax policy on imported equipment (Guo Fa [1997] No. 37), the import of self-use equipment listed in Annex 3 and the technology, accessories and spare parts imported with the above-mentioned equipment in accordance with the contract shall be subject to import tax according to the regulations:

(1) Domestic investment projects and foreign investment projects encouraged by the State;

(2) projects with loans from foreign governments and loans from international financial organizations;

(3) processing trade enterprises provided by foreign businessmen with non-priced imported equipment;

(4) projects of advantageous industries with foreign investment in the central and western regions;

(5) Foreign-invested enterprises and research centers established by foreign investment as stipulated in the Notice of the General Administration of Customs on Further Encouraging Foreign Investment in Relevant Import Tax Policies (Department of Customs [1999] No. 791) shall use their own funds to carry out technological transformation projects.

In order to ensure the smooth implementation of the above-mentioned projects approved before the adjustment of the Catalogue of Major Technical Equipment and Products Imported without Tax Exemption (Revised in 2018), the above-mentioned projects and enterprises approved before December 31, 2018 (including December 31) Import equipment before June 30, 2019 (including June 30), continue to follow the "Ministry of Finance Development and Reform Commission, Ministry of Industry and Information Technology, Ministry of Customs, General Administration of Taxation, Energy Bureau on Adjusting the Catalogue of Import Tax Policies for Major Technical Equipment" (Cai Dui [2017] No. 39) Annex 3 and "Ministry of Finance, National Development Announcement of the Reform Commission, General Administration of Customs, State Administration of Taxation on Adjusting the Catalogue of Imported Commodities Not Exempted for Domestic Investment Projects" (2012 No. 83).

Starting from July 1, 2019, import taxes will be levied on the equipment listed in the catalogue of major technical equipment and products not subject to tax exemption (revised in 2018) imported by the above-mentioned projects and enterprises. In order to ensure the uniformity of policy implementation, the import of relevant projects and enterprises shall be subject to tax exemption in accordance with the Catalogue of Major Technical Equipment and Products Not Exempted from Import (Revised in 2018) and the Catalogue of Imported Commodities Not Exempted from Tax for Domestic Investment Projects (Adjusted in 2012), the name of the goods listed in the catalogue of major technical equipment and products not subject to tax exemption (revised in 2018) is the same as that listed in the catalogue of imported goods not subject to tax exemption for domestic investment projects (adjusted in 2012), or only the goods listed in the catalogue of major technical equipment and products not subject to tax exemption (revised in 2018), all commodities and their technical specifications listed in the Catalogue of Major Technical Equipment and Products Not Exempted from Imports (Revised in 2018) shall prevail.

3. As of January 1, 2019, the Notice of the Energy Bureau of the General Administration of Customs and the State Administration of Taxation of the Ministry of Finance on Adjusting the Relevant Catalogue of Import Tax Policies for Major Technical Equipment (No. 39 [2017] of the Ministry of Finance) shall be abolished.

Attachments:

Catalogue of Major Technical Equipment and Products Supported by the State (Textile Machinery 2018 Revision)