Announcement on Increasing Pre-Tax Deduction to Support Innovation in Science and Technology

关于加大支持科技创新税前扣除力度的公告

High-tech companies are allowed 100% super tax deduction

(Issued by the Ministry of Finance, the State Taxation Administration and the Ministry of Science and Technology on September 22, 2022.)

(财政部、国家税务总局及科技部于二零二二年九月二十二日发布。)

Announcement of the MOF, STA and MOST [2022] No.28

财政部、税务总局、科技部公告 [2022] 28号

With a view to supporting innovative development by high- and new-technology enterprises and promoting the updating of equipment and upgrading of technology by enterprises, we hereby announce the relevant policy of deduction before enterprise income tax as follows:

为支持高新技术企业创新发展，促进企业设备更新和技术升级，现就有关企业所得税税前扣除政策公告如下：

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]