What are the changes in the most popular foreign i

2022-07-24
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What changes have taken place in the policy on foreign investment in the printing industry (2)

change 2: the permitted foreign investment projects with all direct exports of products have been cancelled as the encouraged catalogue and the preferential policies that can be enjoyed.

in the catalogue formulated in 2004, the permitted foreign investment projects with all direct exports of products belong to the encouraged catalogue, In the catalogue for the guidance of foreign investment industries, which was revised in 2007 to determine the test performance parameters of automotive brake linings, this item, which was originally encouraged, was cancelled. This also means that foreign investment projects that are allowed to export all their products directly will not be encouraged to invest in the future, nor will they be able to enjoy the preferential policy of tax exemption for imported equipment

Announcement No. 42 of the Ministry of Finance and the General Administration of Customs in 2007: from December 1st, 2007, foreign investment projects (including capital increase projects) that are allowed to directly export all newly approved products will no longer be encouraged by the state in accordance with the provisions of the catalogue for the guidance of foreign Investment Industries (2007 Revision), and all imported equipment will be taxed in accordance with regulations

Announcement No. 42 of 2007 of the Ministry of Finance and the General Administration of customs also stipulates that from January 1, 2008, all equipment imported for foreign investment projects (including capital increase projects) whose products are approved to be directly exported on or before November 30, 2007 shall be taxed in accordance with the regulations (including import tariff and value-added tax), and the policy of tax exemption or collection before return shall be stopped

why should the state adopt this policy? This is closely related to the excessive export volume and trade surplus of China's processing trade. At present, the export volume of China's processing trade has accounted for more than half of the total foreign trade export, of which foreign-invested enterprises account for more than 80% of the processing trade, and the processing trade surplus exceeds the total national trade surplus. Excessive exports and trade surplus lead to trade frictions and disputes. The excessive trade surplus also led to a substantial increase in foreign exchange reserves to ensure the key construction steel, resulting in inflation in the domestic market. Therefore, we have to adjust our policies to encourage domestic and foreign-funded enterprises to carry out industrial transformation and upgrading

change 3: Restricted Foreign Investment in publication printing industry

in the previous catalogue for the guidance of foreign investment industries, publication printing enterprises also belong to the restricted category. However, in the document interpretation, the printing of publications is classified as restricted category B. However, the import of printing machines and equipment for the self use of enterprises in the category B catalogue can enjoy the preferential policies of tariff exemption and value-added tax

in the newly revised catalogue for the guidance of foreign investment industries, publication printing is still regarded as a restricted item (but not reclassified); Although the packaging and decoration printing is excluded from the restricted catalogue, it is not an encouraged catalogue, but a permitted catalogue. For printing enterprises with foreign-invested permitted and restricted categories, import duties and value-added tax shall be levied on their imported equipment for their own use. In other words, after the release of the new catalogue, all foreign-funded printing enterprises' imported printing equipment for their own use can not be exempted from tariff and value-added tax

look at the pros and Cons: favorable policies for China's printing machine manufacturing industry have a great impact on Foreign-invested printing enterprises

director Wang: due to the special situation of China's automobile industry

from the above situation, the foreign investment industry guidance catalogue (revised in 2007) is a good thing for China's printing machine manufacturing industry. It will create good conditions for China's printing press development departments to learn, introduce and cooperate in the development of foreign advanced technology, and provide preferential policy support. However, the projects related to printing presses listed in the encouraged catalogue have high technical indicators and are also the core technology of foreign and local enterprises. They are not necessarily willing to develop and produce jointly with us. However, we should create favorable conditions and give preferential policies to domestic enterprises and joint ventures of printing equipment manufacturing. For example, preferential policies of duty-free and value-added tax are provided for the self-use equipment and key parts that these enterprises need to import for the development of printing equipment

the catalogue for the guidance of foreign investment industries (revised in 2007) has a great impact on Foreign-invested printing enterprises. First of all, the catalogue not only cancels the permitted foreign investment projects (including capital increase projects) for direct export of all products as the encouraged projects, but also stipulates that the publication printing enterprises are the restricted catalogue and the packaging and decoration printing are the permitted projects. Thus, there is no catalogue to encourage foreign investment in the whole printing industry. As a result, all established and newly established foreign-funded printing enterprises will be subject to import tariff and value-added tax on imported equipment for their own use. The comprehensive tax rate will reach about 30%. In addition, the import of raw materials such as printing paper, ink and plate materials will increase significantly, which will increase the production cost of printing enterprises, increase the burden on enterprises, and make operation more and more difficult. Therefore, it will encourage foreign-funded printing enterprises to adjust, optimize and upgrade their industrial structure

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