State Administration of Taxation, Offsetting the Technological Development Costs of Foreign Investment Enterprises Against Their Taxable Income Supplementary Circular

国家税务总局关于外商投资企业技术开发费抵扣应纳税所得税额的补充通知

September 02, 2001 | BY

clpstaff &clp articles &

Issued: June 8 2001Main contents: The Circular states that foreign investment enterprises are entitled to enjoy an additional 50% deduction of the technological…

Clp Reference: 3210/01.06.08 Promulgated: 2001-06-08

Issued: June 8 2001

Main contents: The Circular states that foreign investment enterprises are entitled to enjoy an additional 50% deduction of the technological development costs, as prescribed in Paragraph Two of Item One of the State Administration of Taxation, Relevant Questions on Offsetting the Technological Development Costs of Foreign Investment Enterprises Against Their Taxable Income Circular, incurred in the development of technology while coordinating with or which they entrusted to another work unit (Item Two). However the cost incurred by the enterprise entrusted with the development is not entitled to the additional 50% offset (Item Three).
Related legislation: State Administration of Taxation, Relevant Questions on Offsetting the Technological Development Costs of Foreign Investment Enterprises Against Their Taxable Income Circular, Sep 7 1999, CLP 1999 No.10 p9

clp reference:3210/01.06.08promulgated:2001-06-08

This premium content is reserved for
China Law & Practice Subscribers.

  • A database of over 3,000 essential documents including key PRC legislation translated into English
  • A choice of newsletters to alert you to changes affecting your business including sector specific updates
  • Premium access to the mobile optimized site for timely analysis that guides you through China's ever-changing business environment
For enterprise-wide or corporate enquiries, please contact our experienced Sales Professionals at +44 (0)203 868 7546 or [email protected]