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19 February 2016

China amends administrative measures for high new technology enterprises incentive criteria

China's Ministry of Finance, the State Administration of Taxation (SAT) and the Ministry of Science and Technology jointly issued Circular 32 on January 29, which provides new administrative measures for high-and-new technology enterprises (HNTE) incentive criteria. An HNTE is eligible for a 15% reduced corporate income tax rate.

A Tax Alert prepared by Ernst & Young's China Tax Desk in New York, and attached below, provides additional details.

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Document ID: 2016-0348

 

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