Matters on the Formulation of the List of Industrial Machine Tool Enterprises Eligible for VAT Super-deduction Policy in 2024 Clarified

Three departments, including Ministry of Industry and Information Technology (MIIT), have jointly issued the Circular on Relevant Matters Concerning the Formulation of the List of Industrial Machine Tool Enterprises Eligible for VAT Super-deduction Policy for 2024 (the "Circular"), with effect from the date of issuance.

The list mentioned in the Circular refers to the list of enterprises engaged in principal machine, key functional part, and numerical control system of advanced machine tool which are eligible for value-added tax (VAT) super-deduction policy, as specified in Cai Shui [2023] No. 25. According to the Circular, enterprises applying for being included in the list shall submit application via the information submission system prior to August 31, 2024, generate paper documents affixed with official seal and report them to the provincial industry and information technology departments along with necessary supporting materials. For enterprises that have been included in the 2023 list and intend to apply for the inclusion in the 2024 list, Items 2, 3, 6 and 8 of the List of Evidential Materials to be Submitted by Industrial Machine Tool Enterprises Eligible for VAT Super-deduction Policy shall be submitted once again. The Circular also clarifies that enterprises may inquire about whether they are included in the list via the information submission system after October 31, 2024.



(Source: https://www.miit.gov.cn/zwgk/zcwj/wjfb/tz/art/2024/art_549a8290fee64b15afe2aea4ee5f934f.html)

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