ANNOUNCEMENT 04 Nov 2011

In November 2011, the government of China announced a targeted tax change.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising
Inception date: 04 Nov 2011 | Removal date: open ended
Still in force

Tax or social insurance relief

On 11 April 2011, theĀ National Development and Reform Commission, the Ministry of Science and Technology, the Ministry of Finance, the General Administration of Customs and the State Administration of Taxation jointly issued the "List of State-accredited Enterprise R&D Centers" (Announcement No. 29 '2011').
These R&D centers areĀ eligible for future financial support or tax incentives, inter alia, import duty exemptions and VAT exemptions, in accordance with the "Measures for the Administration of State-Accredited Enterprise Technology Centers" (NDRC Order No.53 from Feburary 2008).

AFFECTED SECTORS

 

AFFECTED PRODUCTS

 
N/A