1. On October 24, 2013, the Ministry of Finance announced the Circular on Relevant Import Tax Policies of China (Shanghai) Pilot Free Trade Zone. The Circular stipulates that under the current policy framework, the import of machinery, equipment and other goods required by production enterprises and productive service enterprises in the Pilot Zone shall be exempted from tax. However, goods imported by enterprises in the living service industry and other enterprises, as well as goods that are explicitly not exempted from tax by laws, administrative regulations and relevant provisions, are excluded.
2. Starting from July 15, 2010, key equipment (including software tools and technologies), parts and components, and raw materials that cannot be produced domestically for the domestic enterprises undertaking the "Outline of the National Medium- and Long-Term Plan for Scientific and Technological Development (2006-2020)" for the research and development of major technological projects supported by the State, are exempted from the import tariffs and import linkage value-added tax. value-added tax.
Expanded Information
Based on the "Notice on Import Tax Policies for Major Science and Technology Special Projects" (Caixa Tariff [2010] No. 28), the project undertaking unit applying to enjoy the import tax policies of this provision should have the following conditions:
1, independent legal personality;
2, approved by the leading group of major technology special projects to undertake major tasks. Special Leading Group approved to undertake major special tasks.
The project unit to apply for duty-free import of equipment, parts and raw materials should meet the following requirements:
1, directly for the project (subject) of scientific research, technology development and application, and the number of imports within a reasonable range;
2, the domestic production can not be or the performance of national products can not meet the requirements, and the value of higher;
3, Application for duty-free imported equipment, the main technical indicators should be generally better than the current implementation of the "domestic investment projects are not duty-free imported goods catalog" listed in the equipment.
People's Daily Online - Ministry of Finance: Imported equipment for productive enterprises in the Shanghai Free Trade Zone can be exempted from tax
People's Daily Online - Import tax exemption for scientific and technological major special projects