ANNOUNCED AS TEMPORARYNo
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.
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