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: 28 Aug 2017 | Removal date: open ended
Still in force

Tax or social insurance relief

On the 28th of August 2017, the Chinese Ministry of Culture (MoC) announced that, in order to be recognised as a potential beneficiary of several other preferential tax policies (see related acts), firms would first have to register through their local authorities and be officially recognised by the MoC.

Such a procedure was in place previously, however, the process to become recognised was made more stringent, with officially signed and sealed approval from local bureaux of culture and tax now necessary before the MoC will consider application, followed by a final consideration by the MoC itself.

Previous policies have discriminated against foreign-owned firms and firms that have been deemed as culturally counter-productive.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

961 Audiovisual & related services

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