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Global Trade Alert

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China: Establishment of R&D super-deduction rate for all qualifying enterprises

Description

On 26 March 2023, the Ministry of Finance and the State Administration of Taxation jointly released Announcement 2023/7, amending several "pre-tax super deduction of R&D expenses" schemes. The ann...

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Intervention Details

Intervention Type

Tax or social insurance relief

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

01 Jan 2023

Revocation date

No revocation date

Implementation level

National

Affected flow

Inward

Announced as temporary

No

Eligible firms

all

Affected Trading Partners

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Affected Sectors

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Affected Products

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