China’s Ministry of Finance has published a Circular 44/2018 for reducing corporate income tax rate of 15% (standard 25%) for advanced technology services enterprises with effect from 1 January 2018. This applies in particular for enterprises engaged in computer and information services, research and development and technical services, cultural and technical services, including digital production of cultural products and related services, and traditional Chinese medicine (TCM) medical services, including TCM healthcare and related services.
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