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Joint Ministry of Finance, the National Development and Reform Commission, the Ministry of Industry and Information Technology, General Administration of Customs, State Administration of Taxation, the National Energy Board recently issued "on the adjustment of major technical equipment import tax policy notice." Deputy Director of the Ministry of Finance Division Ma Xianghui Publicizing the New Deal in the recently held meeting that the implementation of the policy since 2009, already has five list of contents to make additions and adjustments, covering areas of expansion from the initial 10 to 15.
Maxiang Hui pointed out that in 2014 the policy benefit coverage continues to expand, since March 1, oil and gas drilling rigs, semi-submersible drilling rigs, LNG, deepwater geophysical vessels, multi-functional integrated catenary vehicles, wet electrostatic precipitator, etc. equipment was incorporated into the major technologies and equipment import tax policies to support range.
Dynamically adjust inventory
Reporters learned at the meeting, the import tax policies of major technical equipment in accordance with industry developments and constantly adjusted dynamically to encourage China's equipment manufacturing enterprises in the introduction, digestion and absorption, based on innovation, promote independent development of major technical equipment, the overall revitalization of the equipment manufacturing industry.
Maxiang Hui said the major technical equipment import tax preferential policies implemented since 2009, the organization has improved implementation of the policy, in 2013 a total of 232 equipment manufacturing enterprises to enjoy duty-free imports, total tax-free enterprise of the policy up to 976 times, for promote independent innovation of China's equipment manufacturing industry, the overall revitalization of China's equipment manufacturing industry has played a positive role.
According to reports, since the 2009 implementation of the policy, the list of which has been carried out on five separate occasions additions and adjustments. For key parts of the country has been able to independently produced, will be promptly removed from the duty-free list, increase recovery of import duties and import VAT.
After this adjustment, since March 1, 2014, the New Deal will cancel the DC traction power supply equipment, automatic fire alarm and gas fire extinguishing system, interlocking system, coal-fired power plant flue gas denitrification equipment and other equipment imported duty-free policies; adjust three generations duty-free imports of raw materials, components and nuclear power plant nuclear island equipment catalog, improved second-generation nuclear power plant nuclear island equipment and conventional island equipment, cleaning machine, concrete pump, urban rail transportation equipment and other equipment.
Deputy Director of the Ministry of Equipment Industry Division, said Dong, import tax policies of major technical equipment to promote the development of China's equipment manufacturing industry is mainly reflected in three aspects.
One is to promote the innovation of major technical equipment. The core competitiveness of major technical equipment to enhance a great role in promoting. Before that, since the core components, slow development of key components, directly affecting the competitiveness of outfits improved. Through the development and dynamic adjustment of tax policy, can balance, promote industrial development.
Second, greatly reducing the overall cost of major technical equipment of enterprises, to ease the financial pressure.
Third, through dynamic adjustment policies, can boost domestic basic components, the development of key components. China is currently being implemented to accelerate basic materials, basic components, basic technology and industrial technology industries strong foundation for content-based projects. From the path, the basic components to enhance the level of not behind closed doors, through tax policy adjustment provides a new way.
Dong said that the policy on the domestic industry has a great role in promoting development. For example, with a large railway maintenance machinery industry, in the enjoyment of the policy, the total development of the full range of more than 50 kinds of products. In the textile equipment, the previous high-end equipment are mainly imported, after enjoying policies accelerated absorption and innovation. As Jingwei Textile Machinery Company, after enjoying the policy, the domestic market share from 20% to 40% localization rate of 90%, breaking the international monopoly.
"Next, we must continue to give full play to the role of this policy." Dong said that at present the Ministry has established three policy platform, one financing policy platform, the second is the first (set) insurance application platform, the third is tax policy platform. He said the next step should vigorously promote the development of major technologies and equipment from the policy platform perspective.