Tax Policies Announced for R&D Expense Super Deduction
15 June 2022
Business Advisory Section, HKTDC Research
The State Taxation Administration recently announced that when enterprises file an income tax return for prepayment in the third quarter, or in September, they may take advantage of enhanced tax deductions for R&D expenses in the first three quarters. They may also choose to have the tax deducted when filing a tax return on the settlement and payment of annual income tax.
- Mainland China