OrbitaxChina State Council Approves Additional Tax Relief for Small Businesses and Incentives for Investment in High-Tech Start-Ups
|Approved Changes|China
On 9 January 2019, China's State Council reportedly decided on the introduction of new tax relief measures for small businesses, including:
- For businesses with taxable income below CNY 1 million, only 25% of taxable income will be subject to tax, and for businesses with taxable income above CNY 1 million but below CNY 3 million, 50% of taxable income will be subject to tax (similar relief curr…
