ENTERPRISE INCOME TAX

Small Low-profit Enterprises to Pay Advance Income Tax Every Quarter

03 March 2016

The State Administration of Taxation (SAT) issued a circular lately announcing that starting from 1 April, value-added tax (VAT) small-scale taxpayers and small low-profit enterprises may file VAT returns or pay advance enterprise income tax every quarter instead of doing so every month. More

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Unified Record-filing System for Managing Enterprise Income Tax Incentives

04 December 2015

The State Administration of Taxation (SAT) has recently issued the Measures for Handling the Matters of Preferential Policies on Enterprise Income Tax, affirming the abolition of administrative approval in all preferential matters of enterprise income tax, which will be replaced by ex post record-filing management. More

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Tax Incentives for Innovation Zones Extended Nationwide

11 November 2015

The Ministry of Finance and the State Administration of Taxation jointly issued the Circular on Promoting Nationwide the Pilot Tax Policies for National Independent Innovation Demonstration Zones in their decision to extend to the whole country four income tax incentives tested earlier in the national independent innovation demonstration zones. More

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Rmb5 Billion Tax Savings on Accelerated Depreciation of Fixed Assets

06 October 2015

The Ministry of Finance (MOF) and State Administration of Taxation (SAT) jointly issued a circular on 22 September aimed at further improving the fixed assets accelerated depreciation policy under the Enterprise Income Tax Law. More

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State Council Lowers Unemployment Insurance Rate for Small Firms

05 March 2015

The State Council decided at its executive meeting on 25 February 2015 to extend tax break policies to more micro and small businesses. More

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New tax rules for non-resident international transportation operators

22 July 2014

China's State Administration of Taxation has released the Interim Measures for the Tax Administration of Non-resident Enterprises Operating International Transportation Business to keep tabs on enterprise income tax (EIT) by way of tax registration and collection, tax treaty treatment and tracking management. More

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Qianhai announces new rules for declaring enterprise income tax concessions

17 July 2014

The Shenzhen Qianhai Management Authority recently issued its Circular on the Declaration of Enterprise Income Tax Concessions in the Qianhai-Hong Kong Modern Service Industry Cooperation Zone of Shenzhen. More

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