Announcement
12 Oct 2016
October 12th, 2016 - The Chinese government announced that ten new cities would be added to its 'outsourcing demonstration cities' list, therefore being able to benefit from the same reduction in corporation tax for 'advanced technology service firms' as the other 21 municipalities.
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Number of interventions
1
1 certainly harmful
0 likely harmful
0 liberalising
List of interventions
Implementation date
01 Jan 2016
Revocation date:
31 Dec 2018
Announced: 12 Oct 2016
Tax or social insurance relief
In October 2016, the Chinese government expanded a scheme originally started in 2009 that granted tax reductions to certain firms designated as 'advanced technology service enterprises' (ATSEs).
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Related State Acts
Announced: 19 May 2018
China: 'Advanced technology service enterprise' schemes unified and extended indefinitely
Announced: 02 Nov 2017
China: Tax relief scheme for 'advanced technology service enterprises' rolled out nationwide
Announced: 10 Nov 2016
China: 'Advanced technology service enterprise' policy scope expanded in certain locations
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China: ‘Advanced technology service enterprise' preferential tax scheme expanded and extended for four years
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