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Global Trade Alert

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China: Pilot scheme launched to provide tax deductions for domestic venture capitalists investing in domestic firms

Description

On April 28th, 2017, the Chinese Ministry of Finance introduced a policy whereby venture capitalists/angel investors in several pilot areas would be able to offset 70% of the investment amount against...

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Intervention Details

Intervention Type

Tax or social insurance relief

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

01 Jan 2017

Revocation date

31 Dec 2018

Implementation level

Subnational

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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