During an executive meeting held on 19 January 2022, China's State Council decided to extend the implementation of 11 preferential tax policies until the end of 2023, including certain incentives and support measures for COVID-19. The preferential policies being extended include:
- An exemption from value added tax for qualified technology business incubators, university science parks, and makerspace incubation services, and an exemption from real estate and urban land use taxes for their own…