Qianhai Releases New Edition of Guidelines for Defining Industries Eligible for Corporate Income Tax Incentives

On August 18, 2024, the Qianhai Authority of Shenzhen Municipality issued the Service Guidelines of Qianhai for Defining Industries Eligible for Corporate Income Tax Incentives (the “Guidelines”), which will come into effect on September 1, 2024 and remain valid until December 31, 2026.

The Guidelines specify the defining authorities, applicable objects, work procedures, credit facilitation, and other aspects. In line with the spirit of MOF & STA (2024) Document No.13 and MOF&STA (2021) Document No.30 and in accordance with the authorization from the Shenzhen Municipal Government, if the tax authorities have difficulty in determining whether the primary businesses of enterprises in the Qianhai Cooperation Zone fall within the Catalogue of Corporate Income Tax Incentives in the Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone (2021 Edition), the Qianhai Authority will be responsible for issuing an opinion, and relevant documents shall be prepared as required. In the form of an attachment, the Guidelines also released Key Points and Documents List for Defining Industries Eligible for Corporate Income Tax Incentives in Qianhai.