China Issues Circulars on Increased Employee Training Deduction, Increased Threshold for Immediate Asset Cost Deduction, and Expanded Investment Incentive
China's State Administration of Taxation has published three Circulars on the implementation of certain measures announced in April 2018 to support SMEs and innovation.
Circular 51/2018 provides that the standard 2.5% of total salaries deduction cap for employee education expenses is increased to 8% for all enterprises (aligned with increased cap for high-tech companies). The increase is eff…
Continue Reading