On October 10 2009, the Ministry of Finance (Mof), the General Administration of Customs (GAC) and the State Administration of Taxation (SAT) issued the Circular on Taxation Policies on Purchasing of Equipment by Research & Development Institutions (财政部、海关总署、国家税务总局关于研发机构采购设备税收政策的通知(财税[2009]115号)) (Cai Shui [2009] No. 115) (Circular 115).
Equipment tax break for R&D centres
Though new measures provide clarifications about R&D centre eligibility requirements for equipment tax benefits, investors should pay attention to several issues
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