ANNOUNCED AS TEMPORARYNo
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.
⚑ Please report this page in case you detect an inaccuracy in its content.