On 9 January 2019, China's State Council reportedly decided on the introduction of new tax relief measures for small businesses, including:
In addition to the tax relief small businesses, the Council also decided to introduce additional incentives for innovation investment, including incentives for investment by venture capital firms and angel investors in high-tech start-ups.
The measures are to apply for a period of three years beginning from 1 January 2019. Further details will be provided when the relevant circulars/notices are issued.
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