China relaxes rules for technology enterprises

The Chinese authorities have released a new circular that relaxes the recognition criteria for advanced technology service enterprises (ATSEs)

1 minute readJanuary 24, 2011 at 11:58 PM

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In late December, the State Administration of Taxation, the Ministry of Commerce, the Ministry of Science and Technology and the National Development and Reform Commission jointly issued Cai Shui [2010] No. 65, which replaces the previous tax policy for ATSEs, Circular 63.

Circular 65 relaxes the previous requirement that at least 70% of an ATSE's income should be generated from advanced technical services. This has now been reduced to 50%.

Also, the

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