Chinese Tax Regulation Update - June & July 2024

China

The latest development in China Tax Regulation mainly includes:

  • Pilot bonded policies for temporary entry of goods for repair in China (Shanghai) Pilot Free Trade Zone (“FTZ”)
  • Differentiated Individual Income Tax (“IIT”) policies for dividends of companies listed on the National Equities Exchange and Quotations (“NEEQ”)
  • Corporate Income Tax (“CIT”) policies for digitalization and intelligence transformation of special equipment used for energy- and water-saving, environmental protection and work safety

Please click here to read the full article.