China’s Tax Incentives for the Manufacturing Sector in 2023

In this article, we highlight some of the preferential tax and fee policies that are currently available to manufacturing companies, including reductions to CIT and VAT, as well as various fee and expense deductions. Note that many of these policies may be available to companies in other industries as well. 

• Tax incentives for small and low-profit manufacturing companies 
• Preferential VAT and premiums reduction policies 
• Reduced CIT rate in key development zones 
• Preferential policies to encourage innovation 
• Policies to encourage investment 
• Identifying and applying China’s preferential tax policies 

Source: www.china-briefing.com

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