23 July 2019

Shanghai FTZ firms must pay corporate income tax, Xinhua says

Companies in the Shanghai Free Trade Zone are required to pay corporate income tax on non-monetary investment, the official Xinhua news agency reported Tuesday, citing new regulations issued by the finance ministry and the State Administration of Taxation. Non-monetary gains from investments or asset restructuring are subject to corporate income tax which can be paid up to five years by annual installment, the report said.

– Contact HKEJ at [email protected]



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