The central government decided in March to extend the term of validity of its tax and fee reduction policy from January 1, 2022 to December 31, 2024. The policy allows low-profit small businesses and self-employed households to pay only 50 percent in six local taxes and two fees – resource tax, urban maintenance and construction tax, real estate tax, tax on using urban land, stamp tax (the stamp tax on stock trading is not included), farmland use tax, surtax for education expenses and surtax for local education expenses.

Qualified taxpayers in the East Lake High-tech Development Zone (also known as Optics Valley of China, or OVC) who have already paid taxes before the issuing of the new policy can use online taxation platforms to confirm relevant information at online taxation platforms without submitting any files.

Corporations can turn to the valley's taxation departments and receive instructions on tax refund procedures.

Please on dial +86-027-87512366 for more information.