Notice of the People's Government of Guangdong Province on Issuing the "Various Measures on Stimulating the Vitality of Enterprises and Promoting High-quality Development in Guangdong Province" (Yue Fu [2023] No.23)
28 February 2023
On 28 February 2023, the People's Government of Guangdong Province issued the "Various Measures on Stimulating the Vitality of Enterprises and Promoting High-quality Development in Guangdong Province" (the Measures). The Measures proposed to support the establishment of foreign-invested high-tech research and development (R&D) centres, and eligible R&D centres will be exempted from import duty, value-added tax (VAT) and consumption tax on imported scientific and technological products. The Measures also proposed to implement a global investment plan, carry out brand-oriented investment activities, and launch global investment conference in the Guangdong-Hong Kong-Macao Greater Bay Area. The Measures will be implemented from 28 February 2023 and be valid until 31 December 2023.