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China Tax & Investment Express Issue No. 2023035 - Super deduction for integrated circuit enterprises and advanced industrial machinery enterprises
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) regarding raising the super deduction ratio of research and development expenses of integrated circuit enterprises and enterprises that produce and sell advanced industrial machinery; PN regarding the simplification of requirements for reporting the information of overseas investment and income of resident enterprises; PN regarding extending the 12th set of exclusions to the goods originating from the United States that are imposed with additional tariffs; Measures for supporting the development of headquarter economy in the Lin-gang Special Area of China (Shanghai) Pilot Free Trade Zone.
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.