Shanghai Science and Technology Commission announced on its website on April 7 that the “R&D Institutions Purchasing Equipment Can Enjoy VAT Tax Credits†notice. According to the notice, in order to encourage scientific research and technological development and promote scientific and technological advancement, upon approval of the State Council, imports of scientific and technological development products from foreign-invested R&D centers will be exempted from import taxes, and domestic and foreign-invested R&D institutions will refund full value-added tax on purchases of home-made equipment. The above-mentioned equipment mainly includes experimental equipment, devices and instruments that provide necessary conditions for scientific research, teaching, and scientific and technological development. Shanghai printing scientific research institutions can pay attention to this information. According to the notice, domestic and foreign R&D institutions that apply to the purchase of domestically-produced equipment in full refund of value-added tax policies include: 1. Provisional Regulations on the Exemption of Import Taxes on the Exploitation of Scientific and Technological Products (Ministry of Finance, General Administration of Customs, and State Administration of Taxation Order No. 44) Scientific research and technological development institutions. 2. Scientific research institutions and schools stipulated in the "Regulations on the Exemption of Scientific Research and Teaching Supplies from Imports" (Ministry of Finance, General Administration of Customs, and State Administration of Taxation Order No. 45). Stationery Supplies,Office Stationery,Office Stationery Suppliers,Stationery Office Supplies Hangzhou Aoxin Culture Technology Co., Ltd. , https://www.aoxinks.com