Global Trade Alert
Global Trade Alert

China: Increased R&D tax incentives for semiconductor companies

Announcement

18 Sep 2023

In September 2023, the central government of China announced it would increase tax incentives for semiconductor companies' R&D activities.

Source

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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

Announced: 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 ...
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