Tax

SAT does not allow pre-tax super-deduction of foreign commissioned R&D expenses.

Income, business and stamp taxes clarified for mainland-Hong Kong MRF.

The SAT has granted further tax breaks for technology transfers including non-exclusive licensing, but MNCs aren't likely to take the chance of disclosing their IP in China

Technology transfer income clarified for tax break purpose.

Tax deductions made easier for VC partners.

The Circular expands the scope of super-deduction of research and development expenses.

New rules expand tax super-deductions to all R&D-related expenses including outsourcing fees and simplify guidelines with a negative list. Companies no longer need approval and can expect fewer negotiations with authorities

Tax breaks for technology transfers expanded to the whole of China.

Tax breaks for technology transfers expanded to the whole of China.