2022 Tax Policies in Western Region

China released several tax circulars and fiscal rules granting incentives and benefits for companies and individuals in 2022.

Circular 23 grants a lower CIT rate of 15 percent for enterprises making investments in encouraged industries in China’s Western Regions, including foreign invested companies.

China’s Western Regions include Chongqing Municipality, Sichuan, Guizhou, Guangxi, Yunnan, Tibet, Gansu, Qinghai, Ningxia, Shaanxi, Inner Mongolia, and Xinjiang.

Source: http://www.gov.cn/zhengce/zhengceku/2020-04/28/content_5506990.htm