High-tech company rules shift focus to compliance

July 05, 2016 | BY

Katherine Jo &clp articles

While the new regulations for high and new technology enterprises simplify status approval procedures and encourage R&D, they subject companies to closer monitoring and entail heavier compliance burdens

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The high and new technology enterprise (HNTE) program is one of China's core innovation tax policies. Companies that qualify for HNTE status can enjoy a preferential 15% corporate income tax