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2026-02-14 14:42:59
[The Ministry of Finance and two other departments issued a notice regarding preferential import tax policies for energy resource exploration, development, and utilization during the 15th Five-Year Plan period] The Ministry of Finance and two other departments issued the "Notice on Preferential Import Tax Policies for Energy Resource Exploration, Development, and Utilization during the 15th Five-Year Plan Period." The notice states that for self-operated projects conducting oil (natural gas) exploration and development operations in my country's marine areas (referring to China's inland waters, territorial sea, continental shelf, and other marine resource jurisdictional areas, including shallow beaches and tidal flats, the same below), as well as offshore oil and gas pipeline emergency rescue projects, equipment (including technical data imported with the equipment according to the contract), instruments, spare parts, and special tools that cannot be produced domestically or whose performance cannot meet the needs, and which are directly used for exploration and development operations or emergency rescue, will be exempt from import duties. For Sino-foreign cooperative projects conducting oil (natural gas) exploration and development operations in my country's marine areas (including "old" foreign cooperative projects approved before December 31, 1994), equipment (including technical data imported with the equipment according to the contract), instruments, spare parts, and special tools that cannot be produced domestically or whose performance cannot meet the needs, and which are directly used for exploration and development operations, will be exempt from import duties and import-related value-added tax. For imported natural gas (including pipeline natural gas and liquefied natural gas, hereinafter the same) received by cross-border natural gas pipelines and imported liquefied natural gas receiving and storage facilities projects approved by the National Development and Reform Commission, as well as imported liquefied natural gas receiving and storage facility expansion projects approved by provincial people's governments, a certain percentage of import-related value-added tax will be refunded. This notice is valid from January 1, 2026 to December 31, 2030. (Ministry of Finance)
