Mainland Tech Firms Gain Extended Loss Offset Entitlement
10 August 2018
With effect from 1 January 2018, any mainland business accredited as a designated high new technology enterprise (or as a small/medium-sized technology company) is to be permitted to offset any losses incurred in the previous five years against the taxable income over the next ten years. This new entitlement was jointly announced in a recent circular issued by the Ministry of Finance and the State Administration of Taxation.
For further details (in Chinese), please visit the following link: