##  [Tax China Newsletter - March / May 2018](/pl/en_GB/new/tax-china-newsletter-march-may-2018) 

# Tax China Newsletter - March / May 2018





China - 10 / 16 / 2018

















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**This issuance of Tax China Newsletter mainly includes:**





- The VAT rates of 17% and 11% are adjusted to 16% and 10% respectively
- More Enterprise Income Tax preferential policies are introduced for the expenditures of employees' education and purchase of equipment etc.
- The relevant supporting documents of asset losses are not required to be submitted to the competent tax authority, but the enterprise shall keep them for future reference and inspection
- SD levied on the total amount of paid-in capital and capital reserve at 0.05% is halved since May 1, 2018
- Adjustment on the criteria of small scale VAT payer and its relevant rules for implementations
- A number of policies changes in customs rule so as to simplify the customs procedure and enhance the administration on enterprises etc.









[Tax](/pl/en_GB/tags/tax), [Shanghai](/pl/en_GB/tags/shanghai), [Beijing](/pl/en_GB/tags/beijing)







 

 



 

 

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