China considers more tax breaks for VC firms that back SMEs
China’s State Administration of Taxation may offer more tax incentives to venture capital firms that invest in small- and medium-sized enterprises (SMEs), China Securities Journal reported, citing unnamed sources.
Venture capital firms already qualify for tax deductions of 70% on investments targeting unlisted SMEs in the high-tech space, but the SAT is considering widening the policy scope to include non-tech companies....
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