New tax policies for Hi-tech SMEs

Netherlands Innovation Network ChinaHigh Tech Systems and Materials Leave a Comment

The Ministry of Finance and State Administration of Taxation have promulgated new tax policies in May 2nd 2017. The policies are valid in 2017, 2018, and 2019. There are two policies relevant for Hi-tech companies. The first is a deduction of R&D expenses in China. Originally companies could deduct 50% of their R&D expenses from taxable income, and count them …