China’s Ministry of Finance, the State Administration of Taxation, Ministry of Commerce, Ministry of Science and Technology and National Development and Reform Commission jointly issued Circular Cai Shui [2014] no 59 On 8 October 2014, has extended the 15% tax rate to Technologically Advanced Service Enterprises (TASEs) in 21 trial cities until 31 December 2018. These must provide qualifying services and 50% of employees must have an associate degree or above. Revenue from technologically advanced services must be more than 50% of total revenue in the year and revenue from qualifying offshore technologically advanced outsourcing services must be at least 35% of total revenue for the year.
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