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VAT Rebate Tax Policy for China-Based R&D Institutions
The Ministry of Finance, General Administration of Customs and the State Administration of Tax have jointly issued Circular Caishui (2009) 115, which details the eligibility of tax exemption of imported equipment for foreign-funded research and development centers in China.
R&D centers that qualify may obtain VAT refunds for the purchase of equipment that was manufactured domestically in China
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