Shanghai Lifts Lockdown from June 1, 50 New Support Measures for Businesses | Dezan Shira & Associates

To restart its economy after a prolonged shutdown due to COVID-19 outbreaks, Shanghai authorities have proposed several new support measures in eight categories in their latest Action Plan, released May 29, 2022. These impact tax liabilities, support for operating costs, access to subsidies, and eligibility for exemptions, among other things. Enterprises don’t have to seek approval for the resumption of work and production from June 1, 2022 – they can make this decision based on the epidemic situation of the area where they are located, thereby avoiding any burdensome application procedures.

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