High- and New-Technology Enterprises: Updated Preferences, Qualifications and Trade-Offs

June 02, 2008 | BY

clpstaff &clp articles

Earlier this year the Ministry of Science and Technology, the Ministry of Finance and the State Administration of Taxation issued a circular containing new Measures on HNTE Recognition. These measures, along with a Catalogue of supported industries, detail HNTE recognition requirements and necessary administration procedures under the PRC Enterprise Income Tax Law.

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Income tax preferences and qualifications for High- and New-Technology Enterprises (HNTEs) have recently been clarified, filling a key gap in China's corporate tax regime, which unified its treatment of foreign