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Chapter VIII. Measures of the People’s R... > Provisions on Taxing Import and Expo...
Provisions on Taxing Import and Export Goods
Article 12 A foreign-funded enterprise, which import goods within the amount of total investment and approved additional investment, can enjoy preferential tax reduction or exemption treatment. Tax shall be levied, according to regulations, on goods imported over the amount of investment.
Article 13 No customs duties or industrial and commercial consolidated tax shall be levied on the following goods imported by a Sino-foreign joint venture:
machinery and equipment, spare parts and components, and other materials (other materials refer to materials needed for the construction of a factory and the installation and reinforcing of machinery) contributed as investment by the foreign partner in accordance with the stipulations of the contract;
machinery, equipment, spare parts, components and other materials imported with funds within the total investment;
machinery, equipment, spare parts, components and other materials imported with added capital, the production and supply of which cannot be guaranteed in China.
