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China Tax & Investment Express Issue No. 2020050 - Corporate Income Tax policies for promoting the high-quality development of the integrated circuit industry and software industry
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 the Corporate Income Tax policies for promoting the high-quality development of the integrated circuit industry and software industry; Notice regarding tax filing deadlines in 2021; PN regarding certain matters related to transferring authority to collect compensation fee of soil and water conservation and other governmental non-tax revenue items; Notice regarding the “Negative List for Market Access (2020 Version)”; Decisions on the abolishment and amendment of some administrative regulations; Notice regarding further optimizing the business environment to regulate the development of the internet café industry.
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.