China: Increased R&D super deduction ratio for certain sectors and introduction of tax relief for equipment purchases by high-tech enterprises

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Description

On 22 September 2022, several Chinese ministries jointly released Announcement 2022/28, temporarily amending the pre-tax super deduction of R&D expenses for firms, irrespective of size, in certain...

Intervention Details

Intervention Type

Tax or social insurance relief

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

01 Oct 2022

Revocation date

31 Dec 2022

Implementation level

National

Affected flow

Inward

Announced as temporary

Yes

Eligible firms

all

Affected Trading Partners

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Table

Affected Sectors

Affected Products

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