IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 01 Jan 2014 | Removal date: 31 Dec 2018
Still in force

Tax or social insurance relief

On 8 October 2014, the State Administration of Taxation published Notice No. 59, updating the Notice No. 65 of 2010. The new policy is aim to support the development of the Chinese technology outsourcing services.
 
According to the notice, technology outsourcing service firms in 21 cities (Beijing, Tianjin, Shanghai, Chongqing, Dalian, Shenzhen, Guangzhou, Wuhan, Harbin, Chengdu, Nanjing, Xi'an, Jinan, Hangzhou, Hefei, Nanchang, Changsha, Daqing, Suzhou, Wuxi, Xiamen) can countinue receiving a reduced income tax rate of 15% from 1 January 2014 to 31 December 2018. The cost of employee trainings on high-tech related fields can also be tax deductible.
 
Stated in the notice, the eligible firms should have at least 50% of employees with at least a university bachelor degree. Additionally, at least 35% of the company's annual revenue should come from cross-border services. 

AFFECTED COUNTRIES

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