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    The 6 sector adjusts the tax exemption policy of imported agricultural machinery

    2018-01-22 | Pageviews: CHANGZHOU FOAN M AND E CORPORATION
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           [market] China agricultural net according to the recent development of domestic equipment manufacturing and supporting industries, the Ministry of finance, the national development and Reform Commission, the Ministry of customs, taxation and other 6 departments jointly issued "on the day before the adjustment of major technical equipment import tax policy notice" three directory, directory of import tax the policy of major technical equipment has been adjusted, the new directory since January 1, 2018.

           According to reports, according to the adjustment of major technical equipment industry of domestic development and supporting parts and raw materials production capacity changes, combined with the "2025" China manufacturing planning, add in the domestic part of technical equipment starting stage or growth stage "in the country to support the development of major technical equipment and products directory", the deletion of the the current domestic industrial development better, downstream supporting more complete technical equipment, to further clarify the direction of policy support.

           For some technical equipment that has strong competitive advantages, it is clear that import is not exempt from duty in the catalogue of import major equipment and products that are not exempt from tax. Including the following 180 horsepower crawler tractor, 6 for less than half feeding combine, 4 lines within the potato harvester, 260 kW power within the self-propelled forage harvester, 4 lines within the potato planting machine and 19 rows within the large wheat no tillage planter, 6 line the soil of rice seeding machine, 6 lines within the cotton picker, 200 horsepower wheeled tractors within 10 categories of agricultural equipment.

           In addition, according to the readjustment of the major technological equipment and product catalogue supported by the state, the catalogue of key components and raw materials imported for major technology and equipment is adjusted accordingly, and the parts and raw materials that are necessary to import are exempt from tax. For example, more than 20 key components, such as large horsepower wheeled tractors, self propelled silage harvesters, cotton pickers, sugarcane harvesters and self propelled sprayer sprayers, are needed for clutch, hydraulic motor, cutter and spray system. (original title: 10 kinds of small and medium farm machinery import no longer enjoy duty-free)

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