Announcement on the Value-added Tax Super-deduction Policy for Advanced Manufacturing Enterprises
Announcement on the Value-added Tax Super-deduction Policy for Advanced Manufacturing Enterprises
Announcement on the Value-added Tax Super-deduction Policy for Advanced Manufacturing Enterprises
Announcement of the Ministry of Finance and the State Taxation Administration [2023] No. 43
September 3, 2023
The VAT super-deduction policy for advanced manufacturing enterprises is now announced as follows:
1. From January 1, 2023 to December 31, 2027, advanced manufacturing enterprises are allowed to add an extra 5% based on the deductible input tax for the current period for deduction of the VAT payable (hereinafter referred to as the super-deduction policy).
For the purpose of this Announcement, an "advanced manufacturing enterprise" refers to a general taxpayer in the manufacturing industry among high and new-tech enterprises (including their unincorporated branches), while high and new-tech enterprises refer to those recognized in accordance with the provisions of the Circular of the Ministry of Science and Technology, the Ministry of Finance and the State Taxation Administration on Revising and Issuing the Administrative Measures for the Accreditation of High and New-Tech Enterprises (Guo Ke Fa Huo [2016] No.
......
Announcement of the Ministry of Finance and the State Taxation Administration [2023] No. 43
September 3, 2023
The VAT super-deduction policy for advanced manufacturing enterprises is now announced as follows:
1. From January 1, 2023 to December 31, 2027, advanced manufacturing enterprises are allowed to add an extra 5% based on the deductible input tax for the current period for deduction of the VAT payable (hereinafter referred to as the super-deduction policy).
For the purpose of this Announcement, an "advanced manufacturing enterprise" refers to a general taxpayer in the manufacturing industry among high and new-tech enterprises (including their unincorporated branches), while high and new-tech enterprises refer to those recognized in accordance with the provisions of the Circular of the Ministry of Science and Technology, the Ministry of Finance and the State Taxation Administration on Revising and Issuing the Administrative Measures for the Accreditation of High and New-Tech Enterprises (Guo Ke Fa Huo [2016] No.
......