Home > Hong Kong Trader (Special Alert)     Content provided by:     6 February, 2009     Guangdong Announces Support Measures for Hong Kong, Macau and Taiwan Enterprises     The Guangdong provincial government announced 30 measures in January 2009 to help Hong Kong, Macau and Taiwan enterprises operating in the province tide over the global financial crisis and speed up their transformation and upgrade. Details are available at the official website at: http://www.gd.gov.cn/govpub/zfwj/zfxxgk/gfxwj/yfb/200902/t20090201_84870.htm (Chinese only) The measures include: allowing enterprises with genuine difficulties to apply to their supervisory tax authorities for tax exemption, tax reduction or deferment of tax payment; reducing the social insurance premium rates by phases; and simplifying the domestic sale procedures for bonded goods under processing trade. In addition, the Guangdong provincial government will provide fiscal support and tax concessions to enterprises in the areas of technology and equipment renovation, R&D and innovation, and technology transfer. Details of these measures are also available at the government website.