Support Foreign-funded R&D Centers’ Development in Tianjin

Recently, Tianjin issued a notice on Tax Exemption Qualification of Foreign-funded R&D Centers to support the development of foreign-funded R&D centers in Tianjin. According to the notice, foreign-funded R&D centers can be exempted from import duties, import value-added tax and consumption tax when importing items for scientific research, scientific and technological development and teaching. Foreign-funded R&D centers enjoying this policy need to meet the requirements of R&D expenses, the number of full-time research and experimental development personnel, and the original value of cumulative purchased equipment.

In recent years, a number of foreign-funded R&D centers including PPG Coatings Global R&D Center and Vitesco Technologies Hybrid Power and Electrified Powertrain Technology R&D Base, have successively settled down in TEDA, which has added new impetus for upgrading products and driving the development of related industrial chains. The implementation of the new policy will attract more foreign-funded enterprises to set up R&D centers in TEDA and Tianjin, and help the high-quality development of Tianjin’s manufacturing industry.