May 31 2018

Five Authorities Expand Favorable Tax Policy on Technology-advanced Service Companies to Nationwide

The Ministry of Finance, the State Administration of Taxation, the Ministry of Commerce, the Ministry of Science and Technology and the National Development and Reform Commission recently issued the Circular about Expanding the Corporate Income Tax Policy on Technology-advanced Service Companies at Pilot Regions for Innovative Development of Service Trade to Nationwide.

According to the circular, technology-advanced service trade companies would pay corporate income tax at a lower rate of 15% starting from January 1, 2018.

Service trade companies must meet certain conditions specified in the Scope of Business Activities for Technology-advanced Service Companies (Service Trade) to be eligible to enjoy the favorable tax policy.