High-tech company rules shift focus to compliance

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

10 minute readJuly 05, 2016 at 02:55 AM

Katherine Jo

& clp articles

High-tech company rules shift focus to compliance

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 (CIT) rate rather than the standard 25%.

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