Incentive Policies Updates | May 9th, 2022

09 May 2022


The China-Italy Chamber of Commerce has prepared some materials for the Italian business community with useful information related to the most updated policies for enterprises in China

The Chinese Central Government has issued several policies and measures to fight the epidemic and to help enterprises promote development at a national level. Shanghai, in this sense, has seen an unprecedented negative impact due to the recent epidemic, and has introduced policies and measures that may be divided into the following six main areas:
A. Support personnel and enterprises directly involved in the fight against the epidemic and in implementing measures for prevention and control.
B. Reduce costs and taxes burden incurred by enterprises through implementing relief and supporting policies in VAT refund, tax and fees reduction, tax deferral and rental reduction or exemption.
C. Increase financial support to enterprises affected by the epidemic by reducing financing costs and commission fees and strengthening guarantees.
D. Assist enterprises in stabilizing their headcount and not laying off employees by reducing social security rates, implementing policies to stabilize and expand jobs, and developing new employment forms.
E. Support recovery and development of hard hit industries, with focus on catering, retail, tourism, transportation, and exhibition industries (in service sector). 
F. Stabilize business and life in the Municipality by ensuring the smooth operation and living conditions during the epidemic.

To download a list of the most important policy updates for Shanghai, Jiangsu province and nationwide, please click here.

 


Here you can find a brochure prepared and published on May 6th, 2022 in collaboration with RsA Asia (www.rsa-tax.com). 

This material relating to policies and incentives in support of businesses will be updated periodically, in order to provide support for the Italian business community in China at this time of difficulty due to the recent COVID related restrictions.

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