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Chinese Government Work Report Includes Further Tax Relief for 2022

|Approved Changes|China
China

The Chinese Government has published the Government Work Report that was delivered on 5 March 2022 at the Fifth Session of the Thirteenth National People's Congress. Among other things, the report covers tax policies for 2022, including further tax relief/support:

  • A phased VAT exemption will be introduced for small-scale taxpayers;
  • The corporate tax rate on the part of annual taxable income o…

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