China Free Trade Zones
The People’s Republic of China levies a wide range of taxes including income related taxes such as Corporate Income Tax (CIT) and Individual Income Tax (IIT). As part of China’s increasing efforts to attract Foreign Direct Investment and technology, special economic zones or Free Trade Zones are intended to function as areas of rapid economic growth by using tax and relevant business incentives.
What are Free Trade Zones in China?
This article explains China’s Free Trade Zones and their potential benefits in 2019. We also provide an overview of the country’s Free Trade Zones and their focus areas, as well as a discussion on recent developments.
