27 July 2018

China grants additional five years to loss carryforward period for certain technology enterprises

China's Ministry of Finance and the State Administration of Taxation jointly released Caishui [2018] No. 76 extending the current 5-year loss carryforward period to 10 years for High-and-New Technology Enterprises and Technology-based Small and Medium-sized Enterprises. Circular 76 is retroactively effective to January 1, 2018.

A Global Tax Alert, attached below, provides additional details.

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ATTACHMENT

Full text of Tax Alert 2018-1519

Document ID: 2018-1519