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Q&A on Tax Deferral Policy for Reinvestment by Foreign Investors (Chinese and English Version）

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2025 - 02 - 07
China adopts law on value-added tax

Chinese lawmakers on Wednesday voted to adopt a law on value-added tax, a major progress in enforcing the principle of law-based taxation.The law, which was passed at a session of the Standing Committee of the National People's Congress, the national legislature, will take effect on January 1, 2026.

2025 - 02 - 06
Enterprise Income Tax Law of the People’s Republic of China

Enterprise Income Tax Law of the People’s Republic of ChinaAdopted at the Fifth Session of the Tenth National People’s Congress on March 16, 2007; and amended for the first time in accordance with Decision on Amending Enterprise Income Tax Law of the People’s Republic of China adopted at the 26th Meeting of the Standing Committee of the Twelve National People’s Congress of the People’s Republic of China on February 24, 2017; and amended for the second time in accordance with the Decision on Amending Four Laws including Electric Power Law of the People’s Republic of China adopted at the Seventh Meeting of the Standing Committee of the Thirteenth National People’s Congress of the People’s Republic of China on December 29, 2018.ContentsChapter I General ProvisionsChapter II The Amount of Taxable IncomeChapter III The Amount of Tax PayableChapter IV Tax PreferencesChapter V Tax Withheld at SourceChapter VI Special Tax Adjustm...

2024 - 10 - 21
Announcement of the Ministry of Finance and the State Taxation Administration on the Enterprise Inco

Announcement of the Ministry of Finance and the State Taxation Administration on the Enterprise Income Tax Policy With Respect to Deductions for Equipment and ApparatusMinistry of Finance State Taxation Administration Announcement No. 37 of 2023In order to encourage enterprises to increase investment in equipment and apparatus, relevant policies for enterprise income tax are hereby announced as follows:1. Equipment and apparatus newly purchased by enterprises between January 1, 2024 and December 31, 2027, of which the unit value does not exceed five million yuan, are allowed to be included in the current cost on a one-off basis and fully deducted when calculating the taxable income, instead of being depreciated by year. If the unit value exceeds five million yuan, the depreciation policy shall be implemented in accordance with provisions of Implementation Regulations for Enterprise Income Tax Law of the People’s Republic of China, Circular of the Ministry of Finance an...

2024 - 08 - 21
Multiple measures to better serve the opening-up

Updated: 2024-03-01 Source: STA General OfficeWith a good momentum of global trade, China’s export tax rebates amounted to 1.8 trillion yuan in 2023. The State Taxation Administration (STA) took measures in cross-border tax service to better serve the opening-up.The STA launched "TaxExpress"，a brand new service that further facilitate and innovate tax services. Four categories of cross-border taxation guidelines, such as 99 oversea investment taxation guides have been sent out to the targeted investors. Throughout the year of 2023, investment taxation guides and tax incentives guides have been presented to over 130,000 cross-border taxpayers, which widely improve the efficiency of their foreign trade and investment oversea.Multiple measures were taken to keep foreign trade and investment stable. A tax policy guidelines for foreign trade and investment was revised and released, with 51 explicit tax incentives, to continuously support the opening-up.Multilat...

2024 - 03 - 06

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