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China Raises Pre-Tax Additional Deductions for R&D Expenses of Manufacturing Firms


China Raises Pre-Tax Additional Deductions for R&D Expenses of Manufacturing Firms
China Raises Pre-Tax Additional Deductions for R&D Expenses of Manufacturing Firms
April 15, 2021 Posted by China Briefing
Written by
Zoey Zhang
Reading Time:
3 minutes
On April 7, 2021, China’s Ministry of Finance (MOF) and State Taxation Administration (STA) jointly released the
Announcement on Further Improving the Policy for Pre-Tax Additional Deductions for R&D Expenses (MOF SAT Announcement [2021] No.13). The announcement, with retrospective effect from January 1, 2021, increases the ratio of additional deduction on manufacturing firms’ R&D expenses from 75 percent to 100 percent.
According to the announcement, for R&D expenses actually incurred by manufacturing firms: ....

Wang Jianfan , Dezan Shira Associates , China Ministry Of Finance , Industrial Classification For National Economic Activities , Taxation Administration , Tax Administration Department , State Taxation Administration , Further Improving , Pre Tax Additional Deductions , Industrial Classification , National Economic Activities , Cai Shui , Dezan Shira , சீனா அமைச்சகம் ஆஃப் நிதி , தொழில்துறை வகைப்பாடு க்கு தேசிய பொருளாதார நடவடிக்கைகள் , மேலும் மேம்படுத்துகிறது , தொழில்துறை வகைப்பாடு , தேசிய பொருளாதார நடவடிக்கைகள் , காய் சுய் ,