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
April 16, 2021 | BY
Susan MokManufacturers are offered greater tax deduction on R&D expenses
Share:
Issued:March 31, 2021
Effective: January 1, 2021
Applicability: For the purposes of this Article, the term "manufacturing enterprise" means an enterprise whose main business is manufacturing and whose revenue from such main business accounts for at least 50% of its total income for the year in which it is eligible for the tax break (Article 1).
Relevant provisions of documents such as theCircular on Improving the Policy of Pre-tax Super-deduction of Research and Development Expenses andCircular on Relevant Policy Issues Concerning the Pre-tax Super-deduction of Commissioned Offshore Research and Development Expenses by Enterprises shall apply in respect of other policy approach and administration requirements concerning the enjoyment