In September 2023, China’s tax and financial authorities released 16 preferential tax policies to alleviate the tax burden on various sectors of society and industry. These include policies to improve social welfare as well as policies benefiting various industries, such as the agricultural sector and rural areas, culture and education sectors, and the energy sector, among others.
September also saw the release of several new policy documents, both in draft and final form, that aim to improve the business environment for foreign-invested enterprises and attract more foreign investment. Among them are proposals to drastically facilitate the export of data outside of China, and a program to enable free cross-border capital transfers for foreign companies operating in Beijing and the Shanghai Free Trade Zone (FTZ).
Source: www.china-briefing.com
