ISTANBUL- Anadolu Agency
China has introduced tax incentives for the subsequent 5 years to promote science and technology within the nation, the state-run information company Xinhua reported on Feb. 21.
The Ministry of Finance, the General Administration of Customs, and the State Taxation Administration issued a joint assertion saying the incentives.
China launched its fifteenth Five-Year Plan (2026-2030) this yr.
The coverage, efficient from Jan. 1, 2026, to Dec. 31, 2030, exempts science and technology popularization establishments from import tariffs and import-linked value-added taxes on eligible items.
The eligible items embrace popularization movies, movies, and tools that “cannot be produced domestically” or whose home variations “fail to meet required performance standards,” whereas eligible establishments embrace science and technology museums and pure historical past museums.