Qianhai Extends Preferential Enterprise Income Tax Policy to 2025
07 July 2021
The Ministry of Finance and the State Taxation Administration recently issued a circular on extending the preferential enterprise income tax policy for the Shenzhen Qianhai Shenzhen-Hong Kong Modern Services Industry Cooperation Zone (Cai Shui No. 30 ). The circular is effective from 1 January 2021 to 31 December 2025. New measures include:
- Eligible enterprises in the Qianhai Shenzhen-Hong Kong Modern Services Industry Cooperation Zone can pay enterprise income tax at a preferential rate of 15%.
- For enterprises with headquarters in the Qianhai Shenzhen-Hong Kong Modern Services Industry Cooperation Zone, only the revenue of the Qianhai-based headquarters and branches that meet the requirements set out in the circular are entitled to the 15% tax rate.
Source: Shenzhen Qianhai Shenzhen-Hong Kong Modern Services Cooperation Zone Authority
- Mainland China