Big news | Purchase domestic equipment and get a full refund of VAT!
In order to vigorously support domestic related enterprises and encourage scientific research and technological development, the Ministry of Finance, the Ministry of Commerce and the State Administration of Taxation jointly issued the "Announcement on the Value-Added Tax Policy for R&D Institutions Purchasing Equipment", which clearly stated: the value-added tax will be fully refunded for domestic R&D institutions and foreign-funded R&D centers purchasing domestic equipment!