Tax incentives for the venture capital industry.

Australasian Business Intelligence, June, 2007

Byline: Stephen Nelson

Jun 28, 2007 (International Tax Review - ABIX via COMTEX) -- In China, a State Administration of Taxation notice provides guidance on the new enterprise income tax law. The document, issued on 7 February 2007, states that a venture capital enterprise investing by way of equity or shares in unlisted small or mid-size technologically-advanced enterprises for a period of more than two years may deduct from its taxable income up to 70 per cent of the amount invested, under certain conditions.

Publication Date: June 2007

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