What is the applicable tax rate for general taxpayers of machinery and equipment companies?

The applicable tax rate for general taxpayers of mechanical equipment companies is 17%. Article 2 of the revised Provisional Regulations on Value-added Tax in People's Republic of China (PRC): (1) Taxpayers selling or importing goods, except as stipulated in Items (2) and (3) of this article, the tax rate is 17%. (2) The taxpayer sells or imports the following goods at the tax rate of 13%: 1. Cereals and edible vegetable oils; 2 tap water, heating, air conditioning, hot water, gas, liquefied petroleum gas, natural gas, biogas and coal products for residents; 3. Books, newspapers and magazines; 4. Feeds, fertilizers, pesticides, agricultural machinery and plastic films; 5. Other goods specified by the State Council. (3) taxpayers export goods at zero tax rate; However, unless otherwise stipulated by the State Council. (4) Taxpayers provide processing, repair and replacement services (hereinafter referred to as taxable services), and the tax rate is 17%. The adjustment of tax rate is decided by the State Council.