China Tax & Investment Express Issue No. 2021006 - Corporate Income Tax policies for corporate venture capital enterprises in the Zhongguancun National Independent Innovation Demonstration Zone

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: Notice regarding the pilot run of the Corporate Income Tax policies for corporate venture capital enterprises in the Zhongguancun National Independent Innovation Demonstration Zone; Notice regarding Value-added Tax policies for the Lin-gang Special Area of the China (Shanghai) Pilot Free Trade Zone; Notice issued by the Administration Committee of the Lin-gang Special Area of the SHPFTZ regarding the “Measures for Supporting the Development of Headquarters Economy”; Notice issued by the General Office of the People’s Government of Jiangsu Province regarding the opinions on encouraging the establishment of reginal headquarter and functional organizations by multinational corporations in Jiangsu (2021 Version); Notice regarding public opinion consultation on the “Conditions for Enterprises Specialized in Integrated Circuit Design, Encapsulation, Special-purpose Materials, Packaging and Testing that are Encouraged by the State”.

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.