China (Shanghai) Pilot FTZ - New Policies to Facilitate Company Relocation to FTZ

Tax Newsflash:March 3, 2015/China

The Shanghai Municipal Finance Bureau, State Tax Bureau and Local Tax Bureau jointly issued a circular in late January 2015 to facilitate the relocation of Shanghai companies from outside the China (Shanghai) Pilot Free Trade Zone (FTZ) into the FTZ by neutralizing the potential financial impact of the relocation for the relevant local district-level governments for fiscal years 2014-2016. (Tax Newsflash:March 3, 2015/China)

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Despite the various preferential policies offered by the FTZ, some Shanghai companies are concerned about the response (e.g. possible tax audit) of the local district-level government when a local company relocates to the FTZ, because the authorities potentially would lose future tax revenue from such a relocation. The new circular aims to address this concern.

>> Click for Japanese [中華中国(上海)自由貿易試験区:区内への企業移転を促進する新政策の発布]

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