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 and domestic enterprises from the beginning of the year under the PRC Enterprise Income Tax Law(中华人民共和国企业所得税法).
High- and New-Technology Enterprises: Updated Preferences, Qualifications and Trade-Offs
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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