China Tax & Investment Express Issue No. 2023004 - Extending the implementation period of certain preferential Individua

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 regarding extending the implementation period of certain preferential Individual Income Tax (IIT) policies; 2022 Guidelines of the Guangdong-Macau In-depth Cooperation Zone in Hengqin on the Declaration of Preferential IIT Policies by Macau Residents; Measures for Further Encouraging the Establishment of Foreign-funded Research and Development Centers; Administrative Measures for Credit Information Repair After Correction of Dishonest Acts (Trial); Notice regarding certain measures for supporting micro, small and medium-sized enterprises to stabilize growth, adjust structure and strengthen capacity.

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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