China's State Administration of Taxation has published Circular 79 of 2017 on the expansion of the tax concessions for advanced technology service enterprises. Originally only available for enterprises established in one of 21 model cities and subsequently expanded to 31 cities, the tax concessions are now available for qualifying enterprises nationwide. This includes two main tax concessions:
- A reduced corporate tax rate of 15% (standard rate 25%); and
- An increased deduction ca…