Ministry of Finance, Ministry of Commerce, General Administration of Customs and State Administration of Taxation, Circular on Continuing Implementation of the Tax Policy for the Procurement of Equipment by Research and Development Institutions
财政部、商务部、海关总署、国家税务总局关于继续执行研发机构采购设备税收政策的通知
Tax policy continued to encourage R&D institutions.
Issue: December 2011/January 2012
CLP Reference: 3220/11.10.10
Promulgated: 10 October 2011
Effective: 01 January 2011
Keywords (click to search):
research and development
R&D
procurement of equipment
scientific and technological development
import taxes
Issued: October 10 2011
Effective: from January 1 2011 to December 31 2015
Main contents: The Circular states that foreign-invested research and development (R&D) centres that import articles used for scientific and technological development purposes shall continue to be entitled to exemption of import duties, import value-added tax and consumption tax, and wholly domestically-owned R&D institutions and foreign-invested R&D...
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