On December 13, 2021, Ministry of Industry and Information Technology (MIIT), along with General Administration of Customs (GAC), Ministry of Finance (MoF), National Energy Administration (NEA), State Administration of Taxation (SAT), released Notice on Adjusting Catalogues for Key Technologies and Equipment Import Tax Policies (hereinafter referred to as “the Notice”).

The Notice contains main contents as follows:

·   Catalogue for national key technology equipment and products (2021), Catalogue for component and raw material of key technology equipment and products (2021) and Catalogue for key technology equipment and products not qualified for tax exemptions (2021) will be implemented from January 1, 2022

·   Catalogue for national key technology equipment and products (2021) and Catalogue for component and raw material of key technology equipment and products (2021) cover:

·         large clean, efficient power generators

·         ultra-high voltage power transmission and transformation equipment

·         petroleum and petrochemical equipment

·         mining equipment

·         shipping and ocean engineering equipment

·         high-speed rail and urban rail transit

·         large construction equipment and special infrastructural equipment

·         new textile machine models

·         new and high power agriculture equipment

·         electronic information and bio-pharmaceutical equipment

·         civil-use aircraft and its engines and equipment

·         basic component for key technology equipment 

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