Tax Incentives for Importing Aviation Maintenance Equipment

On 31 March, the Ministry of Finance and the General Administration of Customs issued a joint circular on tax incentives for the import of civil aviation maintenance equipment between now and 2030 (Cai Guan Shui No. 15 [2021]).

• Until 31 December 2030, civil aircraft design and manufacturing enterprises, domestic airlines, repair maintenance units and aviation equipment distributors will be exempt from import duties when importing aviation maintenance equipment that domestic producers cannot produce or meet performance requirements on.

• For the duty-free import of aviation maintenance equipment specified in the circular, customs authorities will no longer carry out follow-up supervision of goods.

Source: Ministry of Finance