Tag: State Administration of Taxation (SAT)

Regulation Alert: Expansion of the coverage of Preferential Income Tax for Small Low-profit Enterprises

Summary On 11 July 2018, the Chinese Ministry of Finance (MOF) and the State Administration of Taxation (SAT) jointly released the Circular on Further Expanding the Coverage of the Preferential Income Tax Policy for Small Low-profit Enterprises [Caishui 2018 No. 77] (Circular No.77). The previous RMB 500,000 upper limit on annual taxable income for small…

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