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China Tax & Investment Express Issue No. 2023013 - Updated implementation guideline on the latest super deduction policy
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: Updated implementation guideline on the latest super deduction policy of R&D expenditures for Corporate Income Tax purposes; Measures of Shanghai for enhancing the attraction and utilization of foreign investment; Policy measures of Shanghai for stabilizing the quantity and improving the quality of foreign trade; Catalogue of Encouraged Industries in the Guangdong-Macau In-depth Cooperation Zone in Hengqin; Joint Statement Between the People’s Republic of China and the Republic of Singapore on the Establishment of an all-round High-quality Future Oriented Partnership.
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.