China Tax Alert - Issue 9, March 2017
The modified version of the Incentive Scheme for the Establishment of Regional Headquarters by Multinational Companies in Shanghai (Hufufa  No. 9) was issued by the Shanghai Municipal Government on 27 January 2017, which took effect on 1 February 2017 and will expire on 31 January 2022. Hufufa  No. 9 basically follows the logical sequence and concepts adopted in the previous version, with adjustments to and simplification of certain requirements, and integrates a series of later incentives and policies developed at the state and regional level.
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