Tax breaks for Chinese VCs

China introduces tax breaks for national venture capital firms investing in technology startups for more than two years.

China-based venture capital firms investing in technology startups for more than two years are to receive tax breaks, according to BusinessTime.

The information was announced on the Chinese state council website following a meeting chaired by Premier Li Keqiang. The tax breaks for venture capital firms based in China are in effect as of October 2015.

Alongside this extension, preferential tax policies for Chinese firms engaging in research and development are to be extended beginning in 2016.

See more from this Government Report: People's Republic of China

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