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

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...

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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

Graph

Table

Affected Sectors

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Affected Products

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