Tax services

Worldwide tax summaries Asian Tax and Advisory Webcast Series

China Tax/Business News Flash 

View this page in: 简体中文版

Nov 2015, Issue 47

The State Council issued new guidance to drive start-ups and innovation

On 21 October 2015, Premier Li Keqiang hosted a State Council executive meeting in Beijing and made a speech regarding refining the super deduction policy for Research and Development (R&D) expenses and enhancing the undertaking of R&D by enterprises. Meanwhile, it was also announced to extend certain income tax policies in the National Innovation Demonstration Zones (NIDZs) nationwide with the intention to promote structural adjustment and drive start-ups and innovation.

Soon after the executive meeting, the Ministry of Finance (MOF) and State Administration of Taxation (SAT) jointly issued Caishui [2015] No.116 (Circular 116), extending the piloted income tax incentives implemented in NIDZs nationwide.

Other issues of China Tax/Business News Flash
Visit our Tax Library.
Roger Di
China R&D Incentive Services Leader
Tel: +[86] (10) 6533 2268 Email
Landa Guo
Tel: +[86] (21) 2323 3016 Email
Gang Chen
Tel: +[86] (20) 3819 2566 Email
Kevin Huang
Tel: +[86] (755) 8261 8239 Email
Syd Lin
Hong Kong
Tel: [852] 2289 5610 Email
More contacts