OrbitaxNew high technology enterprises: further clarification on treatment of tax incentives in transitional period
|Approved Changes|China (People's Rep.)
The State Administration of Taxation (SAT) issued on 21 April 2010 a ruling clarifying the treatment of tax incentives for a qualified High-New Technology Enterprise (HNTE) in the transitional period (Guo Shui Han [2010] No 157). The content of the ruling is summarized below.
A qualified HNTE, which is entitled to (i) tax exemption in the first 2 years plus 50% red…
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