China's State administration of taxation has published Taxation Announcements No. 45 of 2018 and No. 46 of 2018, which clarify the extended loss carryforward limit for high-tech enterprises and technology SMEs and the increased cost threshold for the immediate (current period) deduction of newly-purchased machinery and equipment.
Announcements No. 45 clarifies that qualified enterprises in 2018 may carry forward their unrealized losses for 2013 to 2017 for the extended 10-year loss carryfor…