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18 November 2016

China extends preferential technology advanced service company tax treatment to 10 more locations

To promote the development of technology advanced service companies (TASCs), China's Ministry of Finance, State Administration of Taxation, National Development and Reform Commission, Ministry of Commerce and Ministry of Science and Technology jointly released Circular 108 on October 12, to extend the preferential tax treatment for TASCs to 10 more locations. The 10 locations are Shenyang, Changchun, Nantong, Zhenjiang, Fuzhou (including Pingtan Pilot Zone), Nanning, Ürümqi, Qingdao, Ningbo and Zhengzhou. Circular 108 states that recognized TASCs located in these 10 locations may apply for preferential tax treatment as provided in Circular No. 59.

A Tax Alert prepared by EY's Global Tax Desk Network, and attached below, provides additional details.

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ATTACHMENT

Full text of Tax Alert 2016-1977

Document ID: 2016-1977

 

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