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Global Trade Alert

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China: Corporate income tax incentive for companies investing in digital and intelligent transformations of "special equipment"

Description

On 12 July 2024, the Chinese Ministry of Finance and the State Administration of Taxation adopted Announcement 2024/9, launching a new preferential corporate income tax incentive for companies investi...

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Intervention Details

Intervention Type

Tax or social insurance relief

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

01 Jan 2024

Revocation date

31 Dec 2027

Implementation level

National

Affected flow

Inward

Announced as temporary

Yes

Eligible firms

all

Affected Trading Partners

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Affected Sectors

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Affected Products

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