TAXATION

Penalty for Minor Tax Offences Streamlined in Yangtze River Delta Region

28 July 2020

The Shanghai Municipal Tax Service, Jiangsu Provincial Tax Service, Zhejiang Provincial Tax Service, Anhui Provincial Tax Service and Ningbo City Tax Service, all under the State Taxation Administration, recently issued a joint announcement (Shanghai Municipal Tax Service Announcement No. 5 [2020]) outlining the preparation of a list of “first violations without penalty” for minor tax offences in the Yangtze River Delta region. More

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Guangdong Further Simplifies Tax Deregistration Procedures

24 June 2020

The Guangdong Provincial Tax Service of the State Taxation Administration of recently issued a circular on further simplifying the tax deregistration procedures in a bid to improve the business environment. More

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Guangdong Offers Tax Incentives to Boost Rural Revitalisation

27 May 2020

The Guangdong Provincial Tax Service of the State Taxation Administration recently issued a notice calling on tax bureaus across the province to strengthen the implementation of tax policies in support of poverty alleviation and rural revitalisation efforts. More

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Guangdong Launches Online Payment of Taxes and Fees

06 March 2020

The Guangdong Provincial Tax Service of the State Taxation Administration recently announced a list of tax matters that can be handled through mobile channels. More

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Guangdong Unveils Measures to Support Resumption of Production

19 February 2020

On 5 February, the provincial government of Guangdong unveiled 20 policy measures, across five key areas, to promote the resumption of production in different types of enterprises affected by the coronavirus epidemic. More

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Tax Cut Policies Unveiled in Battle Against Epidemic Outbreak

17 February 2020

China has announced a raft of tax breaks to support efforts in containing the coronavirus outbreak. The policies – which took effect on 1 January 2020 and will remain in force until further notice – cover a number of areas, including enterprise equipment purchase, medical staff overtime and tax deductions for charitable donations. More

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China Looks to Incentivise Lending to Small Businesses

27 November 2017

Small and micro enterprises are set to find it easier to secure funding following the announcement of a joint initiative by the Ministry of Finance and the General Administration of Taxation. More

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Five Point Plan Announced for Simplifying Tax Administrative Permission Procedures

12 July 2017

Five new measures designed to streamline the handling of tax administrative permission items have been announced by the State Administration of Taxation (SAT). More

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China Liberalises Tax-related Professional Services Market

31 May 2017

In a move aimed at liberalising China’s tax-related professional services market, the current approval requirements for the establishment of tax firms are to be scrapped. Instead, as of 1 September 2017, a new system for the registration of tax-related professional services and related oversight is to be introduced. More

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Preferential Tax Policies for Start-Ups Updated

23 May 2017

The State Administration of Taxation has recently updated the Preferential Tax Policy Guidelines for Mass Entrepreneurship and Mass Innovation in keeping with the newly promulgated preferential tax policies. The guidelines cover the 77 entrepreneurship and employment-related tax concessions promulgated up until March 2017. More