New Pre-Tax Reduction Policies Supporting Enterprise Innovation

Daisy Duan and Sara Shi of King & Wood Mallesons review newly introduced regulations supporting pre-tax deductions for enterprise innovation in science and technology in China including recommended action to take advantage of these new tax preferential policies.

13 minute read November 11, 2022 at 05:40 AM

Susan Mok

New Pre-Tax Reduction Policies Supporting Enterprise Innovation

Summary

HNTEs are entitled to enjoy a 100% super deduction of the purchase amount of the equipment and appliance newly acquired during the period from October 1, 2022 to December 31, 2022 before EIT.

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