ANNOUNCEMENT 15 Aug 2018

August 15th, 2018 - The Chinese Government released a catalogue of industrial goods, the purchase of which would be eligible for tax deductions.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE

PRC State Administration of Taxation, August 15th, 2018 (财税〔2018〕84号 关于印发《安全生产专用设备企业所得税优惠目录(2018年版)》的通知)
http://www.chinatax.gov.cn/n810341/n810755/c3714540/content.html

Inception date: 01 Sep 2018 | Removal date: open ended

Tax or social insurance relief

On August 15th, 2018, three Chinese ministries jointly published a catalogue products relating to industrial safety, the tax levied on the purchase of which by firms would earn them (the purchasing firm, not the producing firm) eligibility to get tax credits on such purchases.

The catalogue contained safety items for use in a wide range of industries, such as mining, railways, oil exploration, electricity infrastructure, et cetera.

In total, 89 types of item were included in the catalogue, covering a wide range of types of machinery. Please see original source for full information.

AFFECTED SECTORS

 
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AFFECTED PRODUCTS

 
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