China Offers Further Tax Cuts for Small Low-Profit Businesses
16 March 2022
Business Advisory Section, HKTDC Research
China will further reduce resources tax, urban maintenance and construction tax, real estate tax, urban and township land use tax, stamp duty, farmland occupation tax, education surcharges and local education surcharges for small-scale taxpayers, small low-profit enterprises and individually-owned businesses between 1 January 2022 and 31 December 2024. Collectively the levies are referred to as “six taxes and two fees”.
- Mainland China