On 25 March 2014, China’s Ministry of Finance and State Administration of Taxation (SAT) jointly issued a circular, Caishui [2014] No. 26 (Circular 26) to clarify the criteria for the 15% preferential corporate income tax (CIT). A lower 15% incentive corporation tax rate applies to specified industries in certain areas including the Qianhai modern service industry cooperation zone, subject to certain conditions. The incentive applies for the years from 2014 to 2020 inclusive.
Hong Kong: FATCA Agreement Nears Conclusion
Related Posts
Russia, China sign tax cooperation memorandum
Russia's Federal Tax Service announced on 21 April 2026 that Russia and China have formalised their collaboration through a Memorandum of Understanding signed by Daniil Egorov, Head of Russia's Federal Tax Service, and Hu Jinglin, Head of China's
Read MoreNorway: Parliament approves new income tax treaty with China
The Norwegian parliament (Storting) approved a new income tax treaty with China on 21 April 2026. The agreement aims to prevent double taxation on income and curb tax evasion between Norway and China. Signed on 12 May 2023, it will replace the
Read MoreChina, Vietnam sign customs cooperation agreement
China and Vietnam signed an Agreement on Cooperation and Mutual Administrative Assistance in Customs Matters on 15 April 2026, alongside several other bilateral cooperation agreements. According to Xinhua News Agency, the agreements were
Read MoreJapan, France strengthen rare earth supply ties to cut dependence on China
Japan and France have agreed to boost cooperation on rare earth supply chains to reduce reliance on China. The announcement came during French President Emmanuel Macron’s visit to Japan for talks with Prime Minister Sanae Takaichi. Under the
Read MoreIMF Country Focus: How China’s Economy Can Achieve Consumption-led Growth
On 18 February 2026 an IMF country focus with the title How China’s Economy Can Pivot to Consumption-led Growth, written by D. Garcia-Macia, S. Jain-Chandra, S. Kothari and Y. Xu, looked at way in which China could stimulate domestic
Read MoreUS, China and other governments urge Ghana to reconsider gold royalty increase
China, the US, and several Western governments are urging Ghana to halt plans to raise gold royalties, sources say. Ghana aims to replace its fixed 5% royalty with a 5–12% sliding scale linked to gold prices, seeking higher revenue from rising
Read More