China: “High and new technology enterprise” incentive | KPMG | GLOBAL

China: New guidance, “high and new technology enterprise” incentive

China: “High and new technology enterprise” incentive

Guidance issued by authorities in China concerns the “high and new technology enterprise” incentive.


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The guidance was jointly issued 4 February 2016 by China’s Ministry of Science and Technology, Ministry of Finance, and State Administration of Taxation, and it revises the administrative measures for recognizing high and new technology. The new guidance (Guokefahuo [2016] No.32)—when compared to prior guidance (Guokefahuo [2008] No.172)—affects the recognition requirement as well as concerns the procedures and supervision provisions. In general, the broad principles remain the same. The new notice is viewed as providing assistance for the in-charge tax authorities and for applicants of the high and new technology incentive.


Read a February 2016 report prepared by the KPMG member firm in China: New Version of Administrative Measures for Recognition of High and New Technology Enterprise (HNTE) Released 

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