During an executive meeting held 27 October 2021, China's State Council decided to provide a tax payment deferral for certain taxes and taxpayers for the fourth quarter of 2021, with payment allowed to be deferred for up to three months. The deferral will be implemented from November 2021 to January 2022 and includes:
- For small and medium-sized enterprises in the manufacturing sector, the deferral is provided for enterprise (corporate) income tax, domestic VAT and consumption tax, and urban…