Announcement
26 Mar 2023
In March 2023, the Chinese government streamlined previous "pre-tax super deduction of R&D expenses" incentives for various enterprise types and established a 100% super-deduction rate for all qualifying enterprises. The amendments enter into force retrospectively on 1 January 2023.
Source
Sign in to access
Number of interventions
1
1 certainly harmful
0 likely harmful
0 liberalising
List of interventions
Implementation date
01 Jan 2023
Revocation date:
No revocation date
Updated: 26 Mar 2023
Tax or social insurance relief
In force
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 anno...
Sign in to see more
Related State Acts
18 Sep 2023
China: Increased R&D tax incentives for semiconductor companies
22 Sep 2022
China: Increased R&D super deduction ratio for certain sectors and introduction of tax relief for equipment purchases by high-tech enterprises
23 Mar 2022
China: Increased R&D super deduction rate for technology-based SME
31 Mar 2021
China: 'Super deductions' on corporate R&D expenses scheme extended and expanded for manufacturing firms
Threads
See all
This state act is not part of any Thread yet.