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China Tax & Investment Express Issue No. 2023040 - Tax policy extension for public institutions conversion in cultural system reform
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 the extension of certain tax policies related to the conversion of public institutions engaging in cultural businesses into enterprises during the course of cultural system reform; PN issued by the Beijing Municipal Tax Service, State Taxation Administration regarding the pilot program of fully digitalized electronic invoices; Notice issued by the Commerce Bureau of Shenzhen regarding the application for the 2023 reward projects for utilizing foreign investments of recognized multi-national headquarter enterprises; Notice issued by the Financial Development Bureau of Guangdong-Macau In-Depth Cooperation Zone in Hengqin regarding extending the application period for funds for recognized leading enterprises for the year 2022; Notice regarding matters related to promoting the development of exclusive commercial pension insurance.
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.