The Ministry of Finance, the National Development and Reform Commission, the Ministry of Industry and Information Technology, the General Administration of Customs, the State Administration of Taxation and the National Energy Administration recently jointly issued the Notice on Adjusting the Import Tax Policy for Major Technical Equipment. Ma Xianghui, deputy director of the Finance Department of the Ministry of Industry and Information Technology, pointed out at the new policy publicity and implementation meeting held a few days ago that since the implementation of the policy in 2009, the list has been supplemented and adjusted five times, and the coverage area has expanded from the initial 10 to 15.
Ma Xianghui pointed out that in 2014, the policy benefits continued to expand, since March 1, oil and gas drilling equipment, semi-submersible drilling platforms, liquefied natural gas carriers, deep-water geophysical exploration ships, catenary multi-functional integrated operation vehicles, wet electrostatic precipitators and other equipment have been included in the scope of major technical equipment import tax policy support.
The checklist is dynamically adjusted
The reporter learned at the meeting that the import tax policy of major technical equipment has been dynamically adjusted according to the development of the industry, aiming to encourage China’s equipment manufacturing enterprises to innovate on the basis of introduction, digestion and absorption, promote the independent development of major technical equipment, and comprehensively revitalize the equipment manufacturing industry.
Ma Xianghui said that since the implementation of the preferential import tax policy for major technical equipment in 2009, the organization of the implementation of the policy has been increasingly improved, in 2013, a total of 232 equipment manufacturing enterprises have enjoyed import tax exemption, and a total of 976 duty-free enterprises have enjoyed the policy, which has played a positive role in promoting the independent innovation of China’s equipment manufacturing industry and comprehensively revitalizing China’s equipment manufacturing industry.
According to reports, since the implementation of the policy in 2009, the content of the list has been supplemented and adjusted five times. For the key components that have been able to be produced independently in China, they will be removed from the duty-free list in a timely manner, and the import tariffs and value-added tax on imports will be resumed.
After this adjustment, from March 1, 2014, the new policy will cancel the import duty-free policy for equipment such as DC power supply traction equipment, automatic fire alarm and gas fire extinguishing system, interlocking system, and complete sets of flue gas denitrification equipment for coal-fired power stations; Adjust the catalogue of imported duty-free parts and raw materials for the nuclear island equipment of the third-generation nuclear power unit, the nuclear island equipment of the second-generation improved nuclear power unit and the conventional island equipment, the cleaning machine, the concrete pump truck, the urban rail transit equipment and other equipment.
Li Dong, deputy director of the Equipment Industry Department of the Ministry of Industry and Information Technology, said that the import tax policy of major technical equipment has a role in promoting the development of China’s equipment manufacturing industry.
First, it has promoted the independent innovation of major technical equipment. It has a great role in promoting the core competitiveness of major technical equipment. Previously, due to the lagging development of core components and key components, the competitiveness of complete sets of equipment was directly affected. Through the formulation and dynamic adjustment of tax policies, the pros and cons can be weighed and industrial development can be promoted.
Second, it has greatly reduced the comprehensive cost of major technical equipment enterprises and alleviated the financial pressure.
Third, through the dynamic adjustment of policies, the development of domestic basic components and key components can be stimulated. At present, China is speeding up the implementation of the industrial strong foundation project with basic materials, basic parts, basic processes and industrial technology foundation as the content. From the perspective of the path, improving the level of basic parts cannot be done behind closed doors, and a new way is provided through tax policy adjustment.
Li Dong believes that this policy has a great role in promoting the development of domestic industries. For example, the large-scale road maintenance machinery industry for railways has developed more than 50 kinds of products with a complete range of products after enjoying the policy. In terms of textile equipment, the previous high-end equipment was mainly imported, and after enjoying the policy, it accelerated digestion, absorption and re-innovation. For example, the warp and weft textile machinery company, after enjoying the policy, the domestic market share rose from 20% to 40%, and the localization rate reached 90%, breaking the international monopoly.
“In the next step, we must continue to give full play to the role of this policy.” Li Dong said that at present, the Ministry of Industry and Information Technology has established three major policy platforms, one is the financing policy platform, the second is the first (set) application insurance platform, and the third is the tax policy platform. He said that the next step is to vigorously promote the development of major technical equipment from the perspective of policy platforms.