China's Tax Incentives for Enterprises in 2022: Updates Following the Two Sessions

In the readout of the 2022 Government Work Report during the Two Sessions, an economic growth target of “around 5.5 percent” for 2022 was announced. To achieve this economic target, China will implement a new policy combination of tax cut and tax rebate in 2022 to help businesses survive the difficulties, especially smaller enterprises. The supporting measures cover a wide range of tax categories such as corporate income tax (CIT), value-added tax (VAT), individual income tax (IIT), real estate tax, stamp tax, etc. Companies are suggested to seize the momentum and catch up with the policy updates to make prompt and accurate business decisions. 

Lynn Shen, Assistant Manager of Corporate Accounting Services at Dezan Shira & Associates’ Shenzhen office, will discuss the newly issued tax incentive policies and the local implementation measures. She will also introduce the pandemic relief measures with a special focus on Shenzhen, covering taxes, social insurance, housing fund and government subsidies for enterprises.

The event will cover key topics, including: 

• An Overview of Recent Tax Incentive Schemes
• Tax Incentives for Small and Low-Profit Enterprises
• VAT Exemption for Small-Scale VAT Taxpayers
• VAT Refund for End-of-Period VAT Credit
• New IIT Special Additional Deduction for Nursing Expenses for Infants
• Pandemic Relief Measures: Focusing on Shenzhen

This webinar is FREE of charge. If you have any questions or concerns, please contact Shanshan LIU via shanshan.liu@dezshira.com. We look forward to having you join us in this webinar and answering any questions you might have on the subject. 

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This Event occurred on Wednesday, April 27, 2022. If you were unable to attend it, you can still benefit from these resources that will help you review or discover more: