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China Tax & Investment Express Issue No. 2023043 - Summary of Extended, Improved, and Optimized Tax and Fee Preferential Policies (2023 version)
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: Summary of Extended, Improved, and Optimized Tax and Fee Preferential Policies (2023 version); Provisional Implementation Measures of Dongguan on Financial Subsidies related to the Individual Income Tax (IIT) Preferential Policies for the Guangdong-Hong Kong-Macau Greater Bay Area; Guidelines of Dongguan on the recognition of overseas urgently-needed talents and the application for the IIT subsidies; Notice regarding taking measures to ensure equal treatment of domestic and foreign investors in accessing the Chinese market; Notice regarding further improving the implementation of tax reduction and exemption policies on importation of equipment by foreign investment enterprises engaging in encouraged projects; Public notice regarding streamlining certain processes under processing trade; Notice on Public Consultation for the “Discussion Draft of the Revised Customs Law of the People’s Republic of China”.
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.