Working level meeting with Shenzhen Qianhai Local Tax Bureau

2014-09-16 | South China

On September 16th the European Chamber, PRD Chapter met with Shenzhen Qianhai Local Tax Bureau, Authority of Qianhai Shenzhen-Hongkong Modern Service Industry Cooperation Zone of Shenzhen and Invest Shenzhen. Shenzhen Qianhai Local Tax Bureau during the meeting with members of the Legal and taxation Working Group confirmed that only companies registered within the cooperation zone are eligible for preferential policies, regardless of headquarters or sub-companies. Enterprises registered within the Qianhai Shenzhen-Hongkong Modern Service Industry Cooperation Zone would be also eligible for Business Income Tax at a reduced 15% tax rate within 7 Years (from 2014-01-01 to 2020-12-31). The meeting concluded with the EU Business in China Position Paper 2013/2014 handover by Francine Hajisotiriou, General Manager of the European Chamber, PRD Chapter to Zheng Jian, Director of Invest Shenzhen; Ingrid Qin, Co-Chair of Legal&Taxation Working Group presented the Position Paper 2013/2014 to Weizhong Chen, Director of Shenzhen Qianhai Local Tax Bureau; Anna Rudawska, Deputy Manager of the European Chamber, PRD Chapter presented the Position Paper 2013/2014 to Peng Tao, Section Chief of Business Promotion Division of Authority of Qianhai Shenzhen-Hongkong Modern Service Industry Cooperation Zone of Shenzhen.