China: Adjustment of import tariffs policy on key technical equipments
On September 4, 2009, through the website of the Ministry of Finance (MOF), the MOF and the National Development and Reform Committee (NDRC) , the Ministry of Industry and Information Technology (MIIT), the General Administration of Customs, State Administration of Taxation, and National Energy Administration. jointly released the Notice on Adjustment of Imported Taxation Policy.
With the purpose of boosting domestic innovation and greater industrial restructuring and upgrading, in accordance with the Notice, key components and raw materials imported by domestic enterprises for manufacturing major technological equipment and products are exempted from import tariffs and value-added tax (VAT) as of July 1 this year. However, the abolition of the existing import and VAT exemption of finished machinery was abolished.
Major state-supported technological equipment, like large-sized high-efficiency power generating equipment and nuclear power generating units with more than one million kilowatt, are during the tax exemption range, excluding non-numerical control machines tools, numerical control machines tools, agricultural machines, mining grabs, chemical equipment, coal chemical equipment, and thermal power and hydropower equipment.
Any Evidence-Based Deliberation:
|Is there anything in the public record to suggest that evidence of the effectiveness of the proposed measure was considered during official deliberations?|
|Is there any evidence that alternatives to the proposed measure were considered?|
|Is there anything in the public record that suggests that empirical evidence informed the comparison across the alternatives available to government?|
|Was such evidence identified?|
|Is such evidence publicly available?|
|Did the official decision-maker in question provide an explanation as to why a chosen measure was favoured over alternatives?|
|Is there any evidence to suggest that potentially affected trading partners were consulted before the measures were taken?|
|Is there any evidence that safeguards have been put in place to ensure that implementation of the initiative is transparent and non-discriminatory?|
|Did the government state its intention to review the measure within one year of implementation?|
Date Discovered: 07/07/2009
Date of inception: 1 Sep 2009
GTA Evaluation: Red
Chinese version available: