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: 11 Jul 2018 | Removal date: open ended
Still in force

Tax or social insurance relief

On July 11th, 2018, the Chinese State Administration of Taxation announced that certain firms which qualify as 'high-tech' under a classification scheme from 2016 may now benefit from more generous loss carryforward rules. Under the new rules, the eligible companies can reclaim previously unclaimed losses for up to 10 years. Prior to the change, these firms could only claim losses for up to 5 years after their occurrence.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

Please report this page in case you detect an inaccuracy in its content.