China: Preferential corporate income tax policies for Hengqin Guangdong-Macao Deep Cooperation Zone
New preferential corporate income tax policies
ew preferential corporate income tax policies
A notice—Cai Shui  No. 19 (25 May 2022)—concerns preferential corporate income tax policies for the Hengqin Guangdong-Macao Deep Cooperation Zone.
These new preferential corporate income tax policies—compared with the original preferential policies—not only continue a reduced corporate income tax rate of 15% for eligible enterprises, but also add tax exemptions for overseas income from specific industries and provide for the acceleration of newly purchased fixed assets and intangible assets.
For more information, contact a KPMG tax professional:
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