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Title: Tax policy on research and development - experience from China's tax system
Authors: Chan, S
Cheung, D
Issue Date: 2010
Publisher: CCH Inc.
Source: The International tax journal, 2010, v. 36, no. 6, p. 57-73 How to cite?
Journal: The International tax journal 
Abstract: Like many other countries in the world, over the years, China has offered, inter alia, generous fiscal incentives to encourage research and development activities and investments in innovation. After sustaining rapid economic growth in the last two decades, China has transformed its mode of economic growth from low value-added export-driven focus to innovation-driven direction. This article critically discusses the major preference tax incentives under the Enterprise Income Tax Law (New Law) and its Implementation Rules to encourage research and development activities, investments in high and new technology enterprises as well as advanced technology services enterprises in China. The New Law and its Implementation Rules provide a super deduction for qualified research and development expenses incurred by an enterprise for new technology, new products, and new production techniques. The New Law provides a principal enterprise income tax incentive to state-encouraged new technology and high technology enterprises in the form of a reduced enterprise income rate of 15%, compared to the regular rate of 25%.
ISSN: 0097-7314
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