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 readNovember 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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