Technology Media and Telecom

The SAT has granted further tax breaks for technology transfers including non-exclusive licensing, but MNCs aren't likely to take the chance of disclosing their IP in China

Technology transfer income clarified for tax break purpose.

Tax deductions made easier for VC partners.

The country's national security, cybersecurity, anti-terrorism and financial IT rules can significantly impact foreign companies' operations, data privacy and cross-border information transfers. MNCs need to work together to prevent these costly and potentially risky changes

Practitioners highlight the importance of advance preparation for litigation and arbitration, as well as a careful approach to IP, as data risks grow

The Circular expands the scope of super-deduction of research and development expenses.

New rules expand tax super-deductions to all R&D-related expenses including outsourcing fees and simplify guidelines with a negative list. Companies no longer need approval and can expect fewer negotiations with authorities

Tax breaks for technology transfers expanded to the whole of China.

Tax breaks for technology transfers expanded to the whole of China.