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China Tax & Investment Express Issue No. 2023033 - Solicitation of Opinions on the Second Draft of the Value-Added Tax L
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: Solicitation of Opinions on the Second Draft of the Value-Added Tax (VAT) Law of the People's Republic of China; Central government authorities released a series of Individual Income Tax (IIT) policies; Notice regarding the requirements for formulating the list of integrated circuit enterprises eligible for “Super Input VAT Credit” policy in 2023; Application guidelines on IIT subsidies for overseas high-end and urgently-needed talents in Shenzhen for year 2021 and 2022; Notice regarding the extension of tax policies for disposal of non-performing assets of banking financial institutions and financial asset management companies; Public notice regarding 50% reduction of Stamp Duty on securities transactions.
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.