China Tax & Investment Express Issue No. 2024002 - Administrative Measures of the Shanghai Municipal Tax Service, State

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: Administrative Measures of the Shanghai Municipal Tax Service, State Taxation Administration (STA) on Advance Tax Rulings (Trial); Public notice (PN) regarding the pilot implementation of certain import-level tax policies in selected Pilot Free Trade Zones and Hainan Free Trade Port; Administrative measures of Jiangmen on the implementation of financial subsidy for the preferential Individual Income Tax (IIT) policy in the Guangdong-Hong Kong-Macau Greater Bay Area (GBA); Notice of Jiangmen regarding the commencement of 2023 application for financial subsidy related to the preferential IIT policy in the GBA; Administrative measures of Zhongshan on the implementation of financial subsidy for the preferential IIT policy in the GBA; Company Law of the People’s Republic of China (PRC) (2023 Revised); Guiding Catalog of Industrial Structure Adjustment (2024 Version); PN regarding matters related to the implementation of the 2024 tariff adjustment plan; Notice regarding public opinions consultation on the “Tariff Law of the PRC (Draft)”; Notice regarding certain import/export-level tax policies on goods for the Guangdong-Macau In-depth Cooperation Zone in Hengqin.

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.