OrbitaxDeduction of advertising and promotion expenses clarified
|Approved Changes|China (People's Rep.)
The Ministry of Finance and State Administration of Taxation (SAT) jointly issued a Notice on 30 May 2012 (Cai Shui [2012] No. 48) regarding the deduction of advertising and promotion expenses. The Notice applies in the period from 1 January 2011 to 31 December 2015. The content of the Notice is summarized below.
The advertising and promotion expenses relating to manufacturing and sales of cosmetic products and to pharmacy and beverage (non-alcoholic) manufacturing are d…