12 October 2022
On 12 October 2022, the Department of Finance of Guangdong Province and the Guangdong Provincial Tax Service, State Taxation Administration issued the "Preferential Corporate Income Tax Policy for Enterprises in Guangzhou Municipal Nansha District" ("the Policy"). The Policy proposed that qualified enterprises established in the Nansha District and within the encouraged catalogue industry shall enjoy a reduced tax rate of 15%. Key high-tech enterprises established in Nansha District and qualified as high and new technology enterprise ("HNTE) or small and medium-sized technology enterprise ("SME") from 1 January 2022, are allowed to be carried forward its losses incurred in 8 years prior to the year of 2022 up to 13 years. The Policy shall be effective from 1 January 2022 to 31 December 2026.