According to recent reports, the Chinese tax authorities are planning to finalize the nationwide expansion of the tax concessions for advanced technology service enterprises by the end of September 2017. The tax concessions, initially introduced in 2010, are currently only available for enterprises in certain model cities and include:
- A reduced corporate tax rate of 15%;
- An increased deduction cap for employee education expenses equal to 8% of total salaries (standard 2.5%); and
- VAT zero-rat…