Lehman, Lee & Xu Helps Clients Obtain Tax Savings
As China’s tax system grows more complicated the scope to reduce or avoid tax has become considerably smaller. Yet, there are still some opportunities for companies to reduce their overall tax burden. One of these opportunities is the concessions for high technology enterprises. Enterprises that obtain high technology status are entitled to a pref?erential corporate income tax rate of 15%, which is substantially lower than China’s ordinary 25% corporate tax rate. This can obviously lead to significant tax savings for...
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