China's State Administration of Taxation has published three Circulars on the implementation of certain measures announced in April 2018 to support SMEs and innovation.
Circular 51/2018 provides that the standard 2.5% of total salaries deduction cap for employee education expenses is increased to 8% for all enterprises (aligned with increased cap for high-tech companies). The increase is effective from 1 January 2018.
Circular 54/2018 provides that the cost threshold for the immediate (c…