ANNOUNCED AS TEMPORARYNo
Tax or social insurance relief
At the beginning of September 2017, the PRC Ministry of Industry and Information Technology published a complete revision of a law passed in 2002 designed to boost the growth of SMEs across China.
The new iteration includes a chapter detailing 'Financial and Taxation Support'. This includes a promise to 'reduce the tax burden on SMEs' by 'reduction or exemption of corporate tax'.
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