Notice on Policies for VAT and Enterprise Income Tax of foreign Institutions Investing in Bond Market in China

Eligible foreign investment institutions can be exempted from corporate income tax and VAT temporarily when investing in the domestic bond market. 

Implement the benefit for accelerated depreciation of fixed assets in the manufacturing sector.

As of January 1, 2019, the scope of industries covered by the benefit for accelerated depreciation of fixed assets, as provided in the Circular of the Ministry of Finance and the State Administration of Taxation on Improving the Corporate Income Tax Policies for the Accelerated Depreciation of Fix… 

Temporarily exempt eligible overseas investors from withholding income tax.

An overseas investor is required to meet all of the following conditions simultaneously: （1）The investor makes a direct investment using the distributed profit, including capital increase, new construction, equity acquisition and other equity investments, but excluding new issue, conversion and … 

Income tax credit for enterprises' overseas income.

An enterprise may choose to calculate its taxable income from overseas separately by country (region) (i.e., “by country (region) and not by income category”) or simply aggregate the taxable income other than by country (region) (i.e., “not by country (region) and not by income category”), and… 

Notice on Expanding the Scope of Application of the Policy of Not Imposing Withholding Income Tax on Direct Investment by Foreign Investors via Distributed Profits

The scope of application of the policy of not imposing withholding income tax on profits distributed of Foreign Investors from domestic resident enterprises in China for domestic direct investment will be expanded from foreign investment encouragement projects to all projects and fields not prohib… 

Income tax benefits for integrated circuit design enterprises and software enterprises.

For legally established and qualified integrated circuit design enterprises and software enterprises, the preferential period will commence from the profit-making year before December 31, 2018. Such enterprises are exempt from corporate income tax in the first year to the second year, and are enti… 

Tax exemption benefit for bond interest.

From November 7, 2018 to November 6, 2021, corporate income tax and value-added tax will be temporarily exempted for bond interest income earned by overseas institutions investing in the domestic bond market.…