Legislation roundup: Tax deduction, medical devices and construction

April 09, 2021 | BY

Susan Mok

Manufacturers are offered greater tax deduction on R&D expenses, laboratory-developed tests are given the green light and new buildings in county seats may be subject to environmental restrictions.

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Tax

Ministry of Finance and State Taxation Administration, Announcement on Further Improving the Policy of Pre-Tax Super-Deduction of Research and Development Expenses

财政部、国家税务总局关于进一步完善研发费用税前加计扣除政策的公告

Where the research and development expenses actually incurred