Public Notice Regarding Implementing Generalised Preferential Tax Treatment for Small and Thin-profit Enterprises ("STEs") (SAT Public Notice [2019] No. 2)

18 January 2019

The State Administration of Taxation released this Public Notice regarding the implementation of generalised preferential tax treatment for STEs on 18 January 2019. When an enterprise prepays quarterly corporate income tax ("CIT"), if it meets the conditions for STEs in accordance with Article 3, it shall enjoy the policy on income tax reliefs for STEs.