China Expands Scope of Accelerated Depreciation to all Manufacturing Sectors
China's Ministry of Finance and State Administration of Taxation have jointly issued Circular No. 66 of 23 April 2019 on expanding the scope of the application of the preferential policy for accelerated depreciation. The Circular provides that the accelerated depreciation introduced for certain encouraged manufacturing sectors in 2014 and expanded in 2015 is now extended to all manufacturing s…
Continue Reading