Technical equipment enterprises import duties and value-added tax to implement the first retreat policy

Domestic companies must first implement the import duties and value-added tax on imports for the development and manufacture of certain key components in key areas of major technological equipment that are active for structural adjustment, industrial upgrading, and enterprise innovation, and raw materials that cannot be produced domestically. Backwards.

The application conditions for this policy offer are:

1, domestic enterprises;

2. To develop and manufacture some key parts and components in key areas of major technical equipment that have positive effects on structural adjustment, industrial upgrading, and corporate innovation;

3, raw materials that cannot be produced in China.

The declaration process for this offer is:

1. Imported enterprises should generally apply for tax refund to the customs office of the taxpayer within one year after the customs declaration of the goods.

2. The Customs office of the taxation office, the Customs directly under the Ministry of Finance, and the Ministry of Finance shall complete their approving tasks within the prescribed time.

3. According to the approval of the Ministry of Finance, the local Customs office issues an “Income Refund Book” and the Ministry of Finance’s approval document number, which is refunded from the local central bank.

4, the company received a refund of the tax.

The policy basis for this preferential policy includes the “Notice of the Ministry of Finance and other departments on the issuance of the “Administrative Measures on the Repatriation of Import Taxes Prior to Registration” (Caixian [2009] No. 84) and “Notice on Adjustment of Tax Policies for Imported Equipment” (Guofa [1997] No. 37), “Notice Concerning the Implementation of the State Council's Opinions on Accelerating the Revitalization of the Equipment Manufacturing Industry on Import Tax Policies” (Finance Tariff [2007] No. 11) and “Circular on Adjusting Import Tax Policies for Major Technical Equipment” Tariff [2014] No. 2).