China: Preferential corporate income tax policies for Hengqin Guangdong-Macao Deep Cooperation Zone
New preferential corporate income tax policies
ew preferential corporate income tax policies
A notice—Cai Shui  No. 19 (25 May 2022)—concerns preferential corporate income tax policies for the Hengqin Guangdong-Macao Deep Cooperation Zone.
These new preferential corporate income tax policies—compared with the original preferential policies—not only continue a reduced corporate income tax rate of 15% for eligible enterprises, but also add tax exemptions for overseas income from specific industries and provide for the acceleration of newly purchased fixed assets and intangible assets.
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