China: Revised import policies and catalogues, major technical equipment

China: Revised import policies and catalogues

A number of government agencies jointly issued guidance that is intended to adjust the import customs duty policies for “major technical equipment.” The new guidelines are effective 1 January 2016, but provide a six-month transition period for projects approved under the prior regulations.

Related content

The new guidance—Cai Guan Shui [2015] No.51 (1 December 2015), known in English as “notice on adjusting catalogues and provisions concerning import duty policies for major technical equipment”—was jointly issued by the Ministry of Finance, the National Development and Reform Commission, the Ministry of Industry and Information Technology, the General Administration of Customs, the State Administration of Taxation, and the National Energy Administration.

In revising the import duty policies for major technical equipment, a notable change is an adjustment to product catalogues (as previously set forth in 2014 guidance). 

KPMG observation

The new notice reflects the Chinese government’s continued support of equipment manufacturing industry. Accordingly, importers of a large amount of equipment—such as manufacturers of major technical equipment supported by the state, domestic investment projects, foreign investment projects, research and development (R&D) centers, and technological transformation projects—will want to examine the new requirements and consider the revised catalogue list (in an appendix) and, when appropriate, make arrangements for equipment imported during the transitional period and if eligible, file “tax break” applications for imports under the new policies.


Read a January 2016 report [PDF 174 KB] prepared by the KPMG member firm in China: Notice on Adjusting Catalogues and Provisions Concerning Import Duty Policies for Major Technical Equipment

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