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What are the preferential policies for angel investors to invest in start-up technology enterprises?
According to the Ministry of Finance's Notice on the Pilot Tax Policy for Venture Capital Enterprises and Angel Investment Individuals in State Taxation Administration of The People's Republic of China, People's Republic of China (PRC) (Caishui [2017] No.38), "If an angel investment individual directly invests in a start-up technology-based enterprise by means of equity investment for two years, the taxable income obtained by transferring the equity of the start-up technology-based enterprise can be deducted by 70% of the investment amount; If the current period is insufficient for deduction, it can be carried forward for deduction when the taxable income of equity transfer of start-up technology-based enterprises is obtained in the future. "