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Update - China Regulates Tax Payment Deferral for Certain Taxpayers

|Approved Changes|China
China

China's State Administration of Taxation has issued Announcement No. 30 of 2021, which provides regulations for the implementation of tax payment deferral approved by China's State Council on 27 October 2021. As previously reported, this includes a tax payment deferral of up to three months for SMEs in the manufacturing sector, including a 100% deferral for manufacturing enterprises with annua…

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