OrbitaxChina Extends Tax Payment Deferral for Certain Manufacturing Enterprises and Provides Immediate Deduction for Equipment and Tools
|Approved Changes|China
China's Ministry of Finance and State Administration of Taxation have jointly issued Announcement No. 2 of 2022, which extends the tax payment deferral policy introduced by Announcement No. 30 of 2021 for SMEs in the manufacturing sector. The extension is one of several measures announced by the National Development and Reform Commission (NDRC) in Notice No. 273 of 2022 to support economic g…
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