I. Examination and approval of the technology improvement of tax-exempt imported equipment by foreign-funded enterprises with its own capital

Materials needed:

1. Application for examination and approval of the technology improvement of imported equipment by foreign-funded enterprise;

2. Report of application for technology improvement of foreign funded enterprises (inclusive of application reason, technology improvement content, self-employed capital, quota of foreign exchange applied and effective period, etc) as well as the preliminary affirmative opinions of the original approving authority;

3. Certificates for the confirmation of “exporter” or “advanced technology enterprise” (copies); or Confirmation of Foreign-funded Projects Encouraged by the State (copies);

4. Specific audit report on the “self-employed capital” of the enterprise issued by CPA firms;

5. Approval certificate and business license of the enterprise (copies);

6. Schedule of the imported equipment subject to technology improvement approved in these years (inclusive of date, No., capital nature, self-employed capital and foreign exchange);

7. Specific illustration should be provided in case of the imported goods that contain supporting technology (in duplicate);

8. Feasibility study report of the technology improvement should be provided, in case that the imported equipment involved in technology improvement becomes assembly line of the equipment of the whole set, or quota of the foreign exchange used in technology improvement exceeds 60% of the original production value;

9. Other materials required by approving authority.

II. Data download and approval period

Table download: Application for examination and approval of the technology improvement of imported equipment by foreign-funded enterprise;

Approval period: 10 working days

III. Approval basis

The Circular on Enterprise Income tax Credit in the Purchase of Home-made Equipment by Enterprises with Foreign Investment or Foreign Enterprises

Circular of The General Administration of Customs on Importation Taxation Policies Encouraging Foreign Investment (No 179 document)