China's tax office is considering a plan to offer more tax incentives to venture capital companies when they invest in local small-and-medium enterprises, the China Securities Journal reported on Thursday, citing unnamed sources.
Venture capital firms already enjoy tax deductions of 70 percent of their investments when they put money in unlisted small-and-medium scale high tech firms, but the State Administration of Taxation (SAT) is considering widening the criteria to include investments for non-tech companies, the paper said.
To read the full, original article click on this link: China mulls more venture capital tax breaks to help SMEs | Reuters
