Red tape hobbles China's tax-relief scheme for hi-tech firms - South China Morning Post

South China Morning Post

Red tape hobbles China's tax-relief scheme for hi-tech firms South China Morning Post To begin with, it's a tricky process to be officially recognised as “hi-tech” to qualify for tax breaks. According to a state regulation enacted this year, a firm can only apply for this status one year after its registration by proving to a special ...