China Tax Alert - Issue 2, January 2016
On 1 December 2015, the Ministry of Finance, National Development and Reform Commission, Ministry of Industry and Information Technology, General Administration of Customs, State Administration of Taxation, and National Energy Administration jointly issued the Notice on Adjusting Catalogues and Provisions concerning Import Duty Policies for Major Technical Equipment (Cai Guan Shui  No.51), which aimed to adjust the import duty policies for major technical equipment. The biggest changes are the adjustment of product catalogues set out in the Notice on Adjusting the Import Duty Policies for Major Technical Equipment (Cai Guan Shui  No. 2). Manufacturers of major technical equipment supported by the state, domestic investment projects, foreign investment projects, R&D centres and technological transformation projects may refer to the requirements set out in the Notice and the catalogue list in the appendix, so as to make arrangements for equipment import during the transitional period, and prepare for tax break applications for the import under the new policies.