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.
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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:
No revocation date
Announced: 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 ann...
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Related State Acts
Announced: 18 Sep 2023
China: Increased R&D tax incentives for semiconductor companies
Announced: 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
Announced: 23 Mar 2022
China: Increased R&D super deduction rate for technology-based SME
Implemented: 31 Dec 2023
China: 'Super deductions' on corporate R&D expenses scheme extended and expanded for manufacturing firms
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