2007 will further improve China's export tax rebates and tariff policies

The relevant person in charge of the Customs Department of the Ministry of Finance recently stated that in 2007, China will further improve China's export tax rebates and tariff policies, continue to support changes in economic growth patterns and industrial restructuring, and promote sound and rapid economic development and overall social progress.

The person in charge said that in 2007 the Ministry of Finance will continue to use tariff policies to support the establishment of a resource-conserving, environment-friendly society. On the one hand, the use of preferential import tax policies to encourage the import of energy and resource products to ensure the supply of the domestic market; on the other hand, the use of export tariff policies to further limit the export of high pollution, high energy consumption, resource products, and guide the development of related domestic industries. In addition, we must also encourage domestic enterprises to conduct research and development of alternative energy sources through tariff policies and support the development of green and circular economy.

It is understood that the Customs Department has issued the "Provisions on the Exemption of Import Taxation on Scientific Research and Teaching Supplies" and "Interim Provisions on the Exemption of Import Taxes on the Exploitation of Scientific and Technological Products" at the beginning of the year; it encourages the development of basic scientific research, and on the nature of research institutions such as scientific research institutes. The independent innovation activities continued to provide policy support; the import tax policies that encourage independent innovation by enterprises were formulated and improved; the detailed implementation rules for the import tax rebate of major equipment manufacturing and the plan for the adjustment of imported machine tax exemption policies were promulgated.
The responsible person of China Chemical Industry Network Co., Ltd. said that during the year, it will further study and put forward relevant measures to use tariffs to increase the quality of foreign investment and accelerate the introduction of advanced technologies; use import tax policies to guide foreign investors to invest funds in high-tech, modern agriculture and the environment. In areas such as protection, encourage foreign-invested enterprises to extend the industrial chain, increase investments in the core component manufacturing sectors that the state encourages industries, encourage foreign investment in processing and trading companies, and transfer production links with high technological level and high value-added content to China. To achieve transformation and upgrading of processing trade.


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