On December 1, 2015, 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 (“the SAT”) and the National Energy Administration jointly released the 2015 versions of the Catalog of Major Technical Equipment and Products under State Support (“Catalog 1”) and the Catalog of Key Components and Raw Materials Imported for Major Technical Equipment and Products (“Catalog 2”). Customs duty and import value-added tax (“VAT”) exemptions apply to qualified domestic enterprises importing goods under Catalog 2 to manufacture equipment and products under Catalog 1.
They also released the 2015 version of the Catalog of Major Technical Equipment and Products not Eligible for Tax Exemption (“Catalog 3”). Under the existing policies,1 the import for qualified projects of self-use equipment not listed in Catalog 3 can be exempt from customs duty.
The three catalogs are updated yearly to reflect the needs of the developing domestic industry. The 2015 versions became effective January 1, 2016.
Date of issue: December 1, 2015. Effective date: January 1, 2016