Taiwanese businesses relieved as Beijing backtracks on subsidy ban

Want China Times
Date: 2015-05-13
By: Chen Po-ting and Staff Reporter

Taiwanese businesspeople in China can breathe easier after the Chinese government has moved to counter a regulation that could have stopped them getting tax subsidies from local governments, reports our Chinese-language sister paper China Times.

Beijing had previously announced the implementation of the “Notice of the State Council on Reviewing and Regulating Preferential Policies for Taxation and Other Aspects,” also known as No. 62 [2014] of the State Council, which blocks provincial governments from subsidizing enterprises from overseas with taxpayers’ money, subsidies on which many Taiwanese investors in mainland China rely heavily.

But the “Circular of the State Administration of Taxation on How to Deal with Related Issues after Cancellation of Several Previous Tax Preferential Policies on Foreign-invested Enterprises and Foreign Enterprises,” newly announced by the government, could counter the notice.     [FULL  STORY]

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