The import tax exemption policy of relevant agricu

Cancel the tax exemption policy for the import of complete agricultural machinery and equipment from March 1

cancel the tax exemption policy for the import of complete agricultural machinery and equipment from March 1; From January 1, import tariffs and import value-added taxes on some key parts of high-power agricultural machinery and equipment will be levied and refunded, and will be converted into national capital for the development and production of new products and the construction of independent innovation capacity

the Ministry of Finance recently issued the notice on adjusting the import tax policy of new high-power agricultural equipment and its key parts. Following the adjustment of tax policies in the fields of textile machinery, large mining excavators, coal mining equipment and so on, large agricultural machinery and equipment enterprises have welcomed the timely rain of the new tax policy this month

Fang constitutionalism, deputy director of the National Agricultural Machinery Engineering Technology Research Center, told China industry news on February 21 that at present, the import tax on key parts of large agricultural machinery and equipment accounts for about one third of its import volume, and this part of the capital invested in the research and development of new equipment can greatly reduce the cost of enterprise research and development. Li Jinsheng, vice president of China Association of agricultural machinery industry, believes that in addition to cost reduction, the cancellation of import tax rebates for complete machines can provide an equal market competition environment for domestic manufacturing enterprises, which is good for encouraging enterprises to innovate independently and accelerating the improvement of the industry's R & D and manufacturing level

the list of key parts and components is regularly adjusted.

China industry news found that the "list of tax rebate commodities for imported key parts and components of new high-power agricultural equipment" involves about 38 kinds of primary and secondary components of relevant equipment, and the tax rebate period varies from 2 to 5 years. This is the main reason for the foam. The relevant person in charge of the Ministry of Finance said that the list of tax rebate commodities will be adjusted in time according to the application of enterprises, the effect of policy implementation, domestic supporting capacity and other conditions

the notice also told industry experts that the relevant parts and components that have entered the tax rebate list of key imported parts and components this time, such as those required by high-power wheeled tractors, have been continuously growing at a growth rate of about 15% per year since they were used in the civil high-tech field. The global glass fiber composite market, such as drive axle assembly, gearbox assembly, clutch, hydraulic lift and so on, will maintain a strong growth momentum, Manufacturing technology is relatively mature in the world. Making good use of this part of resources for our own use saves a lot of money compared with imported complete machines. Investing it in the research and development of major technical equipment can accelerate the revitalization of major technical equipment

according to China industry news, at present, the import tariff and import value-added tax paid for the import of these key parts account for about 27.8% of their amount. If this part of the funds are invested in the research and development of new technologies, the research and development costs of enterprises will be greatly reduced

Fang constitutional law told China industry news that the recently established strategic alliance for technological innovation in the agricultural machinery and equipment industry has been in operation for nearly a year. On the whole, the cooperation effect in resource sharing, complementary innovation capabilities, enterprise technology exchange, knowledge accumulation and mutual exchange is relatively good, but there are still some problems in the cost sharing and market risk sharing involved in the development of common key technologies. This preferential tax policy solves the problem of high research and development costs for enterprises to a great extent, can fully mobilize the enthusiasm of relevant enterprises for independent innovation, and create a favorable market environment for the research and development of major technical equipment in the field of agricultural machinery