Notice of the Ministry of Finance on Adjusting the Import Tax Policy for Large Precision High-speed CNC Equipment and Its Key Components

Fiscal Tariff 2008[32]

Provinces, autonomous regions, municipalities directly under the Central Government, Department of Finance (bureaus) of cities under separate planning, Finance Bureau of Xinjiang Production and Construction Corps, and Financial Ombudsman's Offices of the Ministry of Finance in provinces, autonomous regions, municipalities directly under the Central Government, and cities under separate planning:

I. According to the "Notice of the State Administration of Taxation of the Ministry of Finance of the People's Republic of China on Implementing the State Council's Measures to Accelerate the Revitalization of the Equipment Manufacturing Industry on the Import Tax Policy" (Finance Tariff [2007] No. 11), since 2008 On January 1st (according to the date of import declaration), import duties and import value-added tax paid for importing some key components for the development and manufacture of large-scale, precision, high-speed numerical control equipment and functional components by domestic companies shall be implemented first. After the levy, the tax refund will be treated as a national investment, and will be converted into state capital, which will be mainly used for the development and production of new products for enterprises and the building of independent innovation capabilities.

2. The large-scale, precision and high-speed numerical control equipment mentioned in Article 1 of this Notice includes vertical or horizontal machining centers, gantry machining centers (including gantry boring and milling machines), CNC lathes (including turning centers), and heavy-duty CNC horizontal lathes ( Including turning centers), large CNC vertical lathes (including turning centers), CNC milling and boring machines (including milling and milling machining centers), CNC gear hobbing machines, CNC gear shaping machines, CNC gear shaving machines, CNC gear grinding machines, and numerically controlled closed mechanical pressures Machines and large multi-station presses, CNC laser cutting and laminating machines, CNC falling wheel lathes, and flexible manufacturing systems. The functional components include numerical control devices, high-speed electric axes (machining centers), numerically controlled tool holders, and CNC rotary tables. Ball screws, linear rolling guides, automatic tool changer, the specific technical specifications and requirements of the above numerical control equipment and its functional components are listed in the annex.

Companies that apply to enjoy the import taxation policy should meet the following requirements: 1. Have the ability to design prototypes for large-scale, precision, high-speed numerical control equipment and functional components; 2. Have a relatively complete professional technical staff; 3. Have a strong digestion Absorptive capacity and manufacturing capacity; 4, there is a clear market and large user groups; 5, the company's annual sales of numerical control equipment or functional components should generally be greater than 100 units / sets, the company's annual sales during the initial period of development and production can be reduced appropriately The annual sales volume of heavy-duty CNC equipment and ultra-precision CNC equipment is not limited.

Third, the list of imported parts and components that enjoy the tax refund policy is detailed in the appendix. In the future, the list of tax rebates will be adjusted in due course according to the conditions of the company's application, policy implementation, and domestic support capabilities.

IV. Enterprises that meet the requirements of Article 2 of this Circular may be required to apply for tax refund formalities in accordance with the relevant provisions of the fiscal tariff [2007] No. 11 document if they are required to import key parts and components in the annex.

5. From May 1, 2008 onwards, newly approved foreign investment projects that meet the “Foreign Investment Industry Guidance Catalog” encouragement category (according to the date of approval, approval, or filing of the project, the same below) will be imported within the total investment amount. "Catalogue of imported goods that are not subject to tax exemption for domestic investment projects (Revised in 2006)" (Announcement No. 2 of 2007 of the Ministry of Finance) for self-use machines listed in the tenth category (1), (2) and (3) of the general equipment And pressure forming machinery, all import tariffs, can still be exempted from import value-added tax.

The foreign investment projects approved by May 1, 2008 that are eligible to enjoy the “Notice of the State Council on Adjusting the Taxation Policy on Imported Equipment” (Gufa [1997] No. 37), import the above-mentioned self-use equipment within the total investment, in 2008 It will still be implemented in accordance with the relevant regulations before the 1st of the month; after importing the above-mentioned self-use equipment for the above-mentioned foreign-funded investment projects in the total investment amount on November 1, 2008 (including November 1), import duties will be levied, and import VAT can still be exempted. .

The above-mentioned non-priced imported equipment provided by the foreign-funded foreign-invested advantageous industries projects, foreign government loan projects, and international financial organization loan projects imported from the aforementioned self-use equipment and processing trade foreign companies shall be executed in accordance with the above two paragraphs.

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