November 10, 2017 / 2:45 AM / a month ago

China to expand corporate tax cuts for hi-tech services firms nationwide

BEIJING, Nov 10 (Reuters) - China’s finance ministry said on Friday that it will expand corporate tax rate cuts for high tech services firms nationwide, adding that the tax rate would be reduced to 15 percent, effective January 1, 2017.

China rolled out its trial tax cut programmes for high tech services firms in 21 major cities in 2014, in an effort to boost its overall competitiveness.

Reporting by Beijing Monitoring Desk; Editing by Shri Navaratnam

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