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The Singapore Government has recently announced in their budget that, the concessionary tax rate for corporate operations that qualify as Corporate Treasury Centre (CTC) would be 8%, decreased from 10%, and such move set the major tax rate to 0.25% lower than the level proposed by the Hong Kong Government as part of their CTC tax incentive measures which are still undergoing legislative process.

In 2016, the Chinese government has taken various measures in view to increase its foreign direct investment (FDI). Such action led to introduction of numerous tax incentive schemes which are appealing to foreign investors in some industries and sectors. The below summary provides you with the details.

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