State Council, Guiding Opinions on Accelerating the Development of Production-type Service Industries to Promote Restructuring and Enhancement of the Industrial Structure
国务院关于加快发展生产性服务业促进产业结构调整升级的指导意见
August 14, 2014 | BY
clpstaff &clp articles &Enterprises in the environmental sector are eligible for 15% tax rate.
Issued: July 28 2014
Main contents: According to the Opinions, at the present stage, the production-type service industries in China are focusing on the development of research and development for innovations, third-party logistics, lease financing, information technology services, energy-saving and environmental protection services, inspection, testing and certification, e-commerce, business consulting, service outsourcing, after-sales services, human resource services and brand building (Article 3).
With respect to foreign investment, the Opinions put forward the attraction of foreign enterprises to China to establish production-type service industries, various functional headquarters and (sub-)branches, research and development centres, bases of operation, etc., the formulation of uniform laws and regulations that govern domestic and foreign investment, the promotion of the orderly opening of production-type service industry sectors, and the relaxation of the restrictions on foreign investment in service industry sectors such as architectural design, accounting and auditing, business logistics and e-commerce.
The Opinions also aim to expand the pilot project for the levy of value-added tax in place of business tax to all service industry sectors as soon as possible. Technological and innovative enterprises in production-type service industries, such as those involved in research and development for innovations, inspection, testing and certification, and energy-saving and environmental protection may apply for recognition as high and new technology enterprises, making them eligible for the preferential 15% enterprise income tax rate (Article 4).
Related legislation: Circular on the Launch of Pilot Tax Policies for the Levy of Value-added Tax in Place of Business Tax in the Transport Industry and Certain Modern Service Industries Nationwide, May 24 2013; and Measures for the Administration of the Recognition of Hi-tech Enterprises, Apr 14 2008
Issued: July 28 2014
Main contents: According to the Opinions, at the present stage, the production-type service industries in China are focusing on the development of research and development for innovations, third-party logistics, lease financing, information technology services, energy-saving and environmental protection services, inspection, testing and certification, e-commerce, business consulting, service outsourcing, after-sales services, human resource services and brand building (Article 3).
With respect to foreign investment, the Opinions put forward the attraction of foreign enterprises to China to establish production-type service industries, various functional headquarters and (sub-)branches, research and development centres, bases of operation, etc., the formulation of uniform laws and regulations that govern domestic and foreign investment, the promotion of the orderly opening of production-type service industry sectors, and the relaxation of the restrictions on foreign investment in service industry sectors such as architectural design, accounting and auditing, business logistics and e-commerce.
The Opinions also aim to expand the pilot project for the levy of value-added tax in place of business tax to all service industry sectors as soon as possible. Technological and innovative enterprises in production-type service industries, such as those involved in research and development for innovations, inspection, testing and certification, and energy-saving and environmental protection may apply for recognition as high and new technology enterprises, making them eligible for the preferential 15% enterprise income tax rate (Article 4).
Related legislation: Circular on the Launch of Pilot Tax Policies for the Levy of Value-added Tax in Place of Business Tax in the Transport Industry and Certain Modern Service Industries Nationwide, May 24 2013; and Measures for the Administration of the Recognition of Hi-tech Enterprises, Apr 14 2008
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