Measures for the Administration of Value-added Tax Refund for Procurement of Domestic Equipment by Research and Development Institutions are issued by the State Administration of Taxation (SAT) in 2021 to regulate the administration of value-added tax (VAT) refund for domestically produced equipment by research and development (R&D) institutions.
Legal basis:
Measures for the Administration of Value-added Tax Refund for Procurement of Domestic Equipment by Research and Development Institutions Article 2 Eligible research and development institutions (hereinafter referred to as R&D institutions) purchasing domestically-produced equipment shall be refunded the full amount of value-added tax in accordance with the present Measures (hereinafter referred to as the Refund for the Procurement of Domestically-Produced Equipment).