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China Tax & Investment Express Issue No. 2022037 - Adjusting the gross profit margins of real estate development and operation business for Corporate Income Tax purpose
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) issued by the Hebei Provincial Tax Service, State Taxation Administration (STA) regarding adjusting the gross profit margins of real estate development and operation business for Corporate Income Tax (CIT) purpose; PN issued by the Hangzhou Municipal Tax Service, STA regarding matters related to the gross profit margins for sales of unfinished products by real estate enterprises; PN issued by the Tianjin Municipal Tax Service, STA regarding matters related to the gross profit margins of real estate development and operation business for CIT purpose; Measures of Shenzhen on the Recognition and Administration of Technologically Advanced Service Companies; Measures of the General Administration of Customs for promoting comprehensive cooperation among Guangdong, Hong Kong and Macau by further deepening the open-up of Guangzhou Nansha.
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.