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China Issues Circulars on Increased Employee Training Deduction, Increased Threshold for Immediate Asset Cost Deduction, and Expanded Investment Incentive

|Approved Changes|China
China

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…

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