Commercial Information Circulars

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e-mail address : enquiry@tid.gov.hk

Ref. ： EIC 631/2/7

4 September 2015

Dear Sirs,

Commercial Information Circular No. 877/2015

The Mainland of China : Notice Concerning Further Expanding the Scope of Corporate Income Tax Preferential Policy for Low-profit Small Enterprises

The Ministry of Finance and the State Administration of Taxation jointly issued on 2 September 2015 a notice concerning further expanding the scope of corporate income tax preferential policy for low-profit small enterprises. Starting from 1 October 2015 to 31 December 2017, low-profit small enterprises with an annual taxable income of RMB200,000-RMB300,000 (including RMB300,000) will be allowed to calculate their taxable income at 50% of their actual income and pay corporate income tax at a rate of 20%. Please refer to the Appendix (pdf format) for the notice (available in Chinese only).

2.Please refer to CIC No. 204/2015 dated 18 March 2015 for details of the "Notice Concerning the Corporate Income Tax Preferential Policy for Low-profit Small Enterprises".

ENQUIRIES

3.If you have any questions on the content of the document mentioned in this circular, please contact the issuing authorities of the Mainland of China direct. For other questions on this circular, please contact Ms Eugenia CHAN (tel: 2398 5444) of the Department.

Yours faithfully,
 

(Miss Bonny CHAO)
for Director-General of Trade and Industry

Note: While every effort is made to ensure the accuracy of the above information, the Department cannot guarantee this to be so and will not be held liable for any reliance placed on the same.