China Offers Tax Incentives for Import of Next-Generation Display Devices and Equipment
20 April 2021
The Ministry of Finance, General Administration of Customs and State Taxation Administration recently issued a joint circular (Cai Guan Shui No. 19 ) on tax incentives for the import of display devices. From 1 January 2021 to 31 December 2030, producers of next-generation display devices are exempt from import duties when importing raw materials of a production nature for own use (including research and development), consumables, cleanroom supporting systems, spare parts of production equipment (including both imported and domestic equipment) that domestic producers cannot produce or meet performance requirements. Producers of key raw materials and components of the new display industry are also exempt from import duties when importing raw materials of a production nature and consumables that domestic producers cannot produce and the home market cannot supply.
Source: Ministry of Finance
- Electronics & Electrical Appliances
- Mainland China