Home / Business / Business Highlights Tools: Save | Print | E-mail | Most Read | Comment
Favorable Tax Policy for Textiles
Adjust font size:

The Ministry of Finance (MOF) has issued detailed measures on implementing the favorable tax policy for imported textile machines, the first among 16 kinds of hi-tech devices to enjoy benefits.

 

In January, China adopted the policy of reimbursing the value-added taxes and tariffs levied on imported key machine parts to develop and make high-speed pneumatic looms and automatic winders. All the reimbursed taxes will become national capital funds to be used for new product development.

 

Recently, the MOF adjusted the policy, so that from July 1st, China cancels the tariff exemption on imported automatic winders and pneumatic looms, but levies zero tariffs on them temporarily. At the same time, China continues to rebate the tariffs and taxes imposed on the imported parts of automatic winders and pneumatic looms.

Please read the full story in Chinese (http://jjckb.xinhuanet.com/caijing/2007-07/05/content_56729.htm).

(China.org.cn July 5, 2007)

Tools: Save | Print | E-mail | Most Read

Comment
Username   Password   Anonymous
 
Related Stories

July 18 Beijing
International Copyright Forum
July 19 Shanghai
Shanghai Finance Forum
Sept. 6 – 8 Dalian
Summer Davos Summit

- Output of Major Industrial Products
- Investment by Various Sectors
- Foreign Direct Investment by Country or Region
- National Price Index
- Value of Major Commodity Import
- Money Supply
- Exchange Rate and Foreign Exchange Reserve
- How Does the VAT Works in China?
- How Much RMB or Foreign Currency Can Be Physically Carried Out of or Into China?
- What Is the Electrical Fitting in China?
SiteMap | About Us | RSS | Newsletter | Feedback
SEARCH THIS SITE
Copyright © China.org.cn. All Rights Reserved     E-mail: webmaster@china.org.cn Tel: 86-10-88828000 京ICP证 040089号