The Ministry of Finance and State Administration of Taxation (SAT) jointly issued a Notice on 30 May 2012 (Cai Shui [2012] No. 48) regarding the deduction of advertising and promotion expenses. The Notice applies in the period from 1 January 2011 to 31 December 2015. The content of the Notice is summarized below.

The advertising and promotion expenses relating to manufactur…

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