Legislation roundup: Tourism, elderly care, R&D tax deduction and relaxed housing tax policy

October 14, 2022 | BY

Susan Mok

State Council relaxes foreign investment in outbound tourism and elderly care. Companies are allowed 100% super tax deduction in investment in non-profit R&D institutions. Tax policy is eased for residents exchanging for new apartments.

FDI

State Council, Official Reply on Consenting to a Temporary Adjustment in the Implementation of Relevant Administrative Regulations in Tianjin, Shanghai, Hainan and Chongqing

国务院关于同意在天津、上海、海南、重庆暂时调整实施有关行政法规规定的批复

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