News Snapshot:
China’s Tax and Fee Cuts Extended or Released After 2021 Two Sessions Following China’s 2021 Two Sessions, earlier this month, the State Tax Administration (STA) and the Ministry of Finance (MOF) extended a package of expired or to-be-expired preferential tax and fee policies as well as rolled out new structural tax and fee cut measures, aiming to offset the impact of the government’s post-pandemic economic policy adjustments. In the Announcement on Extending the Implementation of Some Preferential Tax Policies (MOF STA Announcement [2020] No.6), tax breaks in 25 documents have been extended to December 31, 2023 or December 31, 2025,...
