VAT Exemption on Science-related Services

Type: Legislation

China will exempt natural museums, public science and technology museums, meteorological observatories, planetariums, seismic stations, and institutions affiliated with universities and scientific research institutions from import duty and value added tax (VAT) from 1 January 2021 to 31 December 2025. Audiovisual goods (hard drives or broadcasting rights), scientific films equipment, software, exhibitions, and other related things are included in the exemption. The imported materials must be for self-consumption and cannot be manufactured domestically in order to qualify for the exemption. 

Effective date: 1 January 2021

Source

Share on Social Media

Tax Technology Alerts

Type: Legislation Effective Date: 1 July 2026 Slovakia has proposed raising its VAT registration threshold from €62,500 to €85,000 starting 1 July 2026, pending parliamentary

Type: Legislation Effective Date: Phased rollout Uganda’s EFRIS e-invoicing system shows that real-time invoice validation can significantly improve VAT compliance, with liabilities rising by about

Effective date: 1 July 2026 Type: Legislation Argentina’s tax authority (ARCA) issued General Resolution 5824/26, effective 1 July 2026, expanding and modernizing the country’s electronic