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China Extends VAT Exemption for Domestic R&D Equipment

|Approved Changes|China
China

China's State Administration of Taxation has published Announcement No. 91 of 2019, which was jointly issued with the Ministry of Finance and provides for the extension of the VAT exemption (refund) on domestically-produced research and development (R&D) equipment purchased by R&D institutions, including approved domestically-funded R&D institutions and foreign-funded R&D cente…

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