Announcement
18 Sep 2023
In September 2023, the central government of China announced it would increase tax incentives for semiconductor companies' R&D activities.
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Number of interventions
1
1 certainly harmful
0 likely harmful
0 liberalising
List of interventions
Implementation date
01 Jan 2023
Revocation date:
31 Dec 2027
Updated: 18 Sep 2023
Tax or social insurance relief
In force
On 18 September 2023, the Ministry of Finance together with three other Ministries published Announcement 44/2023. The Announcement extends the pre-tax deduction rate for R&D-related expenses for s...
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