A new tax deferral policy providing a temporary waiver of EIT to overseas investors investing in encouraged industries is aimed at attracting more foreign capital. If considering expanding further into the PRC, overseas companies should comprehensively review and readjust their current investment strategies to ensure they can benefit from the new tax deferral.
The scope of R&D tax super-deductibles clarified.
The scope of R&D tax super-deductibles clarified.
Issued: November 20 2017 Main contents: The Table of Resource Tax Items and Rates sets out four categories, energy minerals, metallic minerals,…
VAT burden lessened for asset management products.
VAT burden lessened for asset management products.
Preferential tax periods for high and new technology enterprises clarified.
VAT rate structure simplified.
Deposit insurance premiums are tax deductible.
Deposit insurance premiums are tax deductible.