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China Tax & Investment Express Issue No. 2024016 - Preferential Income Tax policies in Qianhai Shenzhen-Hong Kong Modern
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: Notice regarding expanding the applicable scope of the preferential Corporate Income Tax policies in Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone (Qianhai Zone); Notice regarding the preferential Individual Income Tax policies in Qianhai Zone; Work plan of the Shanghai Municipal Tax Service, State Taxation Administration on the 2024 random tax inspections; Measures of Hainan for supporting enterprises to set up research and development (R&D) institutions and increase R&D investment; Notice regarding measures for further facilitating authorized economic operators to promote high-quality and steady development of foreign trade.
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.