Legislation roundup: Tax exemptions, Guangdong FTZ tax and electric cars
June 18, 2015 | BY
clpstaff &clp articles &The SAT has clarified the criteria for tax reductions and exemptions, import tax and duty policies may be trialed in the Guangdong FTZ and flexible investment requirements were set for electric vehicle companies
Tax
State Administration of Taxation, Measures for the Administration of Tax Reductions and Exemptions
While a taxpayer satisfies the tax reduction/exemption qualification conditions, it/he/she need only submit the record filing materials one time and shall be entitled to the reduction/exemption for as long as such policy exists.
See the digest for more details.
Further reading
Free Trade Zones
Ministry of Finance, General Administration of Customs and State Administration of Taxation, Circular Concerning the Import Tax and Duty Policy of the China (Guangdong) Pilot Free Trade Zone
The import tax and duty policies trialed in the China (Shanghai) Pilot Free Trade Zone may, in principle, be trialed in the FTZ. The optional customs duty levy policy shall be carried out on a trial basis in areas under special customs supervision in the FTZ.
See the digest for more details.
Further reading
Automobiles
National Development and Reform Commission and Ministry of Industry and Information Technology, Provisions for the Administration of Newly Established All-electric Passenger Motor Vehicle Enterprises
The total investment and scale of production of the investment projects of newly established all-electric passenger motor vehicle enterprises shall not be subject to the minimum requirements set forth in the Automotive Industry Development Policy, rather the investment entity shall decide the same at its own discretion.
Further reading
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