ON September 29 2013, the Ministry of Finance (MOF) and the State Administration of Taxation (SAT) jointly released theCircular on Policy Issues Relevant to the Pre-tax Super-deduction of Research and Development Expenses (关于研究开发费用税前加计扣除有关政策问题的通知) (Caishui [2013] No 70) to supplement the scope of
A tax boost for corporate R&D policies
The release of a tax notice expanding the scope of R&D expenses that are eligible for super deductions shows the government's desire to encourage innovation. Companies should ensure all information concerning its R&D projects is up to date and ready to file
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