Global Trade Alert
Global Trade Alert

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China: 'Super deductions' on corporate R&D expenses scheme extended and expanded for manufacturing firms

Description

On March 31st, 2021, several Chinese ministries jointly released Announcement 2021/13 (hereafter, 'Announcement'), which officially extended a preferential tax scheme for certain R&D firms, which ...

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Intervention Details

Intervention Type

Tax or social insurance relief

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

01 Jan 2021

Revocation date

01 Oct 2022

Implementation level

National

Affected flow

Inward

Announced as temporary

Yes

Eligible firms

all

Affected Trading Partners

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Affected Sectors

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Affected Products

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