Tax Regulations and Free Trade Zone Policies in China

John Liu at ATL China Alliance shares the latest major China Tax regulations on individual income tax, SME income tax and Shanghai Free Trade Zone preferential policies.

Preferential Income Tax Policy for SMEs

In order to implement the preferential income tax policies for small and micro-profit enterprises, the State Administration of Taxation issued the Announcement of the State Administration of Taxation on the Implementation of the Preferential Income Tax Policies for Small and Micro-profit Enterprises (hereinafter referred to as the “Announcement”). It is now interpreted as follows… READ MORE

Individual Income Tax

In accordance with the Circular of the State Council on Raising the Special Additional Deduction Standards for Individual Income Tax (Guo Fa [2023] No. 13, hereinafter referred to as the “Circular”), the State Administration of Taxation issued the Announcement of the State Administration of Taxation on Implementing the Policy on Raising the Special Additional Deduction Standards for Individual Income Tax. It is now interpreted as follows… READ MORE

Free Trade Zones & Free Trade Ports

The Implementation Plan of Shanghai Municipality on Implementing Several Measures to Promote Institutional Opening with International High Standards in Pilot Free Trade Zones and Free Trade Ports with Conditions” has been approved by the municipal government and is hereby issued to you… READ MORE