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China Tax & Investment Express Issue No. 2020049 - Corporate Income Tax deduction of advertising and business promotion expenses
China Tax & Investment Express (CTIE) brings you the latest tax and business announcements on a weekly basis. We selected some comparatively key announcements to provide for a synopsis and we also provide a link that leads you to the full content of each latest announcement (in Chinese).
Matters covered in this issue include: Public notice (PN) regarding matters related to the deduction of advertising and business promotion expenses for Corporate Income Tax purposes; PN regarding further simplifying and optimizing certain Individual Income Tax withholding rules; PN regarding the “Administrative Measure on Value-added Tax Refunds for International Cargo Vessels”.
Please feel free to contact your EY client service professionals for further assistance if you find the announcements have an impact on your business operations.