IMPLEMENTATION LEVEL

Subnational

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 20 Mar 2017 | Removal date: 31 Dec 2020
Still in force

Tax or social insurance relief

As well as these subsidies, the plan mentions tax incentives for companies which 'update historically excellent industries'. Two specific incentives are detailed:

  • Up to 8% annual income spent on training valuable employees able to be tax-deductable for Micro-Small Enterprises (MSEs);
  • Tax deductions for 'creative R&D and planning' expenses.

 

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

441 Agricultural or forestry machinery & parts
442 Machine-tools & parts
443 Machinery for metallurgy & parts
444 Machinery for mining, quarrying & construction; parts
445 Machinery for food, beverage & tobacco processing; parts
446 Machinery for textile, apparel & leather production; parts
461 Electric motors, generators & transformers; parts
462 Electricity distribution & control apparatus; parts
463 Insulated wire & cable; optical fibre cables
464 Accumulators, primary cells & primary batteries; parts
465 Electric filament or discharge lamps; lighting equipment; parts
469 Other electrical equipment & parts
491 Motor vehicles, trailers & semi-trailers; parts
493 Ships
495 Railway & tramway locomotives & rolling stock; parts

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