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China Expands Tax Concession for Advanced Technology Service Enterprises for Certain Services

|Approved Changes|China
China

China's Ministry of Finance has published Circular 44/2018, which provides that the reduced corporate income tax rate of 15% (standard 25%) for advanced technology services enterprises is expanded nationwide in respect of pilot areas of service trade innovative development with effect from 1 January 2018. This applies in particular for enterprises engaged in:

  • Computer and information services, including information system integration services and data services;
  • Research and development and …

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