China’s State Council announced enhancements and improvements to the research and development (R&D) “super deduction” and to the innovation demonstration zones regime.
Beginning 1 January 2016, the revised R&D “super deduction” will provide for:
The announcement provides that the preferential income tax policy as piloted in innovation demonstration zones will be expanded to all of China. Specifically:
Read an October 2015 report prepared by the KPMG member firm in China: R&D Super Deduction and Innovation Demonstration Zones expanded and improved
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