China Tax & Investment Express Issue No. 2021042 - Pilot Corporate Income Tax Policies for Corporate Venture Capital Enterprises in the Specific Areas of Shanghai Pudong New Area

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 Corporate Income Tax policies for corporate venture capital enterprises in the specific areas of Shanghai Pudong New Area; Notice regarding certain measures for further deepening the reform of “Delegate Power, Streamline Administration and Optimize Government Services” and stimulating and cultivating the vitality of market entities in the field of taxation; China Advance Pricing Arrangement Annual Report (2020); Notice regarding matters related to the implementation of the “ Measures of the Customs of the People’s Republic of China (PRC) for Administering Enterprises Credit  for Completing Registration and Record Filing”; Public notice (PN) regarding the “Standards of the Customs for Advanced Certified Enterprises”; PN regarding the “Measures of the Customs of the PRC for the Administering Enterprises Credit for Completing Registration and Record Filing” and templates of relevant legal documents; etc.

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.

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