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China tax: 2021 major incentives

August 4, 2021 / 1 min read

The Chinese government has released a series of incentives relating to income taxes, value-added taxes, and research and development expenses. Here’s how they could affect your operations.

In April, 2021, the State Tax Administration of China and the Ministry of Finance of the People’s Republic of China released a series of tax incentives, policies, and rules that extend some of last year’s COVID-19 tax incentives. These incentives also add new policies to support small businesses and encourage research and development (R&D) activities.

Value-added tax (VAT) incentives

Corporate income tax (CIT) incentives

CIT - R&D-related incentives

Please contact our China tax team to answer any questions about the updated policies or review options for your organization in China.

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