IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

Yes

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 28 Sep 2016 | Removal date: 31 Dec 2020
Still in force

Tax or social insurance relief

On the 28th of September 2016, the PRC Ministry of Industry and Information Technology released a targeted Five-Year Plan to raise the quality of Smart Manufacturing in the nation. The plan is stated to be a respose to the governments broader calls for technological progress in the manufacturing sector, namely Made in China 2025 (see framework) and National Announcement 2016/28 (see related state act).

Companies that come under the remit of the plan will be eligible for various 'preferential tax policies', including reductions in corporate tax, and reduced import taxes for technical equipment (see related act).

The plan aims to increase the standard of technology in the manufacturing sector in the PRC. Some specific examples are mentioned, such as:

  • CNC machinery
  • Advanced robotics
  • Various types of advanced optical sensors
  • Rail transport to support manufacture
  • CAD
  • Simulation software for designs and prototypes
  • Energy-saving products/devices
  • etc.

In sum, to be eligible for benefits under this scheme, a firm must be a domestic Chinese firm, which manufactures some kind of goods, or provides a service that directly benefits such a firm.

This measure is classified as amber due to the lack of specific implementation information provided. Please see related act for announcement relating to this.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

831 Management consulting & management services; ITC services
881 Food, beverage & tobacco manufacturing services
882 Textile, wearing apparel & leather manufacturing services
883 Wood & paper manufacturing services
884 Petroleum, chemical & pharmaceutical manufacturing services
885 Rubber, plastic & non-metallic mineral manufacturing services
886 Basic metal manufacturing services
887 Fabricated metal product & machinery manufacturing services
888 Transport equipment manufacturing services
889 Other manufacturing services

Please report this page in case you detect an inaccuracy in its content.