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Global Trade Alert

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China: Accelerated depreciation scheme for fixed assets extended to the whole 'manufacturing' sector

Description

On April 23rd, 2019, the Chinese State Taxation Administration released Central Tax Bureau Announcement 2019/66, which expanded a scheme from 2014. The original policy granted accelerated depreciation...

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Intervention Details

Intervention Type

Tax or social insurance relief

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

01 Jan 2019

Revocation date

No revocation date

Implementation level

National

Affected flow

Inward

Announced as temporary

No

Eligible firms

all

Affected Trading Partners

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Affected Sectors

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Affected Products

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