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China Tax & Investment Express Issue No. 2023037 - Extending the Deed Tax policies for supporting the reorganization and restructuring of enterprises and public institutions
China Tax & Investment Express (CTIE)* brings you the latest tax and business announcements on a weekly basis. We selected some comparatively key announcements to provide for a synopsis and we also provide a link that leads you to the full content of each latest announcement (in Chinese).
Matters covered in this issue include: Public notice (PN) regarding extending the Deed Tax policies for supporting the reorganization and restructuring of enterprises and public institutions; PN regarding extending Land Appreciation Tax policies related to restructuring and reorganization of enterprises; Notice regarding further enhancing the administration on the tax handling fees for tax withholding, collection on behalf of tax authorities and authorized tax collection; PN regarding extending the Value-added Tax (VAT) policies on supporting the development of cultural enterprises; PN regarding extending the preferential VAT policies on cultural promotion industry; A few additional noteworthy tax circulars have been extended until 31 December 2027.
Please feel free to contact your EY client service professionals for further assistance if you find the announcements have an impact on your business operations.