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China Formally Extends Certain Tax Incentives and Support Measures

|Approved Changes|China
China

China's Ministry of Finance and State Administration of Taxation have jointly issued Announcement No. 4 of 2022, which provides for the formal extension of the implementation of 11 preferential tax policies until 31 December 2023. As previously reported, China's State Council decided to extend the preferential tax policies in January 2022. Some of the main preferential policies include a VAT e…

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