BDO China Tax Newsletter - May 2018

Welcome to the current issue of China Tax Newsletter.

In this update, you will find news on:

• Tax Incentives Relating to Venture Capital Enterprises and Angel Investors Will be Implemented Nationwide
• Unit Value Raised up to CNY5 Million for Equipment and Instruments of Which the Costs Can Be Include in the Current Profit and Loss on Lump-sum Basis for the Purpose of Enterprise Income TAX
• Pre-tax Deduction Limit of Employee Education Expenses Raised up to 8% of the Total Wages and Salaries for Enterprise Income Tax Purpose
• Administraitive List for Enterprise Income Tax Incentives (Version 2017)
• Stamp Duty Reliefs for Business Account Books
• Bilateral Tax Agreement Signed betweeen the Government of the People`s Republic of China and the Royal Government of Cambodia
• VAT General Taxpayers Engaging in Manufacturing and Sale, Wholesale, and Retail of Anti-cancer Drugs May Opt to Compute and Pay VAT Based on 3%
• Continuation of the VAT Policy of Refund upon Collection for Animation Industry
• Customs Authorities Cease Collection Import VAT on Behalf of Tax Authorities on Leasing of Designated Aircraft

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