China Monthly Tax Brief: December 2023
In this monthly China tax brief, we highlight December 2023 policies facilitating businesses and cross-border investments and transactions.
Source: china-briefing.com
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China Extends Pretax Deductions for Advertising Expenses by 5 Years
According to the STA Notice on Some Tax Treatment Issues During the Implementation of the Corporate Income Law (Guo Shui Han [2009] No.202), when calculating the pretax deduction cap for advertising expenses and business publicity expenses, enterprises should determine the sales (business) revenue – which should include main business income, other business income, and deemed sales (business) income stipulated in the Article 25 of the Implementation Regulations for the Corporate Income Tax Law. Deduction of advertising and business publicity expenses under a sharing agreement with associat...
Source: china-briefing.com