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 Mok

Manufacturers are offered greater tax deduction on R&D expenses

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).

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