Some of China's major technical equipment can be exempted on April 1

The four departments of the Ministry of Finance and the Ministry of Industry and Information released the news that, starting from April 1, this year, China will import a list of major equipment and equipment related to imports of equipment and products, catalogues of imported key spare parts and raw materials, and equipment and products that will not be tax-exempted for imports. And so on to be adjusted. This type of product includes three generations of nuclear power plants, second-generation modified nuclear power units, solar power generation equipment, and high-speed railway track construction companies that can enjoy tax exemption when they need to import equipment that meets the standards.

The Ministry of Finance clarified the "National Catalog of Major Technical Equipment and Products Supported for Development" and "List of Imported Crucial Components and Raw Materials of Major Technical Equipment and Products" revised this year. It also stated that domestic enterprises meeting the specified conditions are required to produce new catalogues. The relevant parts, parts and raw materials of goods imported from the list of major technical equipment and products will be exempt from customs duties and import value-added tax.

It is understood that since 2009, China has issued a "Notice on Adjusting the Taxation Policy for the Import of Major Technical Equipment." It said that since July 1, 2009, it has confirmed that domestic enterprises have produced major technical equipment and products that support the development of the country. The key parts and raw materials that must be imported must be exempted from import duties and import value-added tax.

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