2022 Tax Policy in Shanghai Lingang New Area

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

Circular 38 grants a special tax policy for Shanghai Lingang New Area and provides for a 15% corporate income tax rate for a period of five years from the registration date of any qualified business engaged in substantive production and/or R&D activities related to integrated circuit technology, artificial intelligence technology, biomedical technology, civil aviation technology, and other similar high technologies.

Source: http://www.chinatax.gov.cn/chinatax/n810341/n810765/c101653/202007/c5156590/content.html