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100% of R&D expenses are deducted, adding favorable policies to improve the level of scientific and technological innovation

 Last Update: 2022-05-26
 Source: Internet
 Author: User

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In recent years, in order to promote the development of science and technology and improve the level of scientific research innovation, the reform of "delegating power, regulating services" in the field of scientific research has been implemented, and scientific research funds have been continuously unbundled, giving full play to the active role of finance in promoting science and technology
.
In addition to Announcement No.
16 issued this time, various provinces and cities have introduced corresponding policies to assist enterprises in technological innovation
.
For example, the Science and Technology Department of Henan Province recently issued post-acceptance subsidies and mid-term funding for 5 major provincial science and technology projects, and implemented the "through train" system for the first time
.
The "through train" of scientific research funds reduces the intermediate links in the allocation of funds, which is conducive to giving full play to the benefits of the use of financial funds and allowing scientific research funds to better serve scientific research activities
.

For enterprises, especially small and medium-sized enterprises, R&D expenditure has always been one of the important factors restricting the investment in scientific and technological innovation of enterprises
.
In China's scientific research instrument industry, there are still objective shortcomings such as lack of brands and insufficient innovation capabilities
.
If you want to improve the technological innovation capabilities of SMEs, only the main body of the enterprise can truly feel the benefits of increasing R&D investment
.
Raising the additional deduction ratio for technology-based SMEs from 75% to 100% is an important measure to encourage companies to increase R&D investment under the innovation-driven development strategy, and reflects the state's targeted support for technology-based SMEs
.

Scientific research strength, like economic strength and military strength, is an important part of national strength
.
In the competition between modern countries, the strength of scientific research strength is one of the important measures
.
It is reported that as of December 31, 2021, there were 328,000 technology-based small and medium-sized enterprises in China
.
After the release of the "Announcement on Further Improving the R&D Expenses of Technology-based Small and Medium-sized Enterprises", it will undoubtedly greatly promote the innovation vitality of small and medium-sized technology-based enterprises
.

The original text of the notice is as follows:

Announcement on further increasing the pre-tax deduction ratio of R&D expenses for small and medium-sized technology enterprises

Ministry of Finance, State Administration of Taxation and Ministry of Science and Technology Announcement No.
16 [2022]

In order to further support scientific and technological innovation and encourage scientific and technological small and medium-sized enterprises to increase investment in research and development, the relevant issues concerning increasing the pre-tax deduction ratio of research and development expenses of scientific and technological small and medium-sized enterprises (hereinafter referred to as “R&D expenses”) are hereby announced as follows:

　　1.
If the R&D expenses actually incurred in the R&D activities of small and medium-sized technology-based enterprises have not formed intangible assets and are included in the current profits and losses, they shall be deducted according to the regulations and, from January 1, 2022, shall be calculated according to the actual amount incurred.
100% of the cost of intangible assets will be deducted before tax; if intangible assets are formed, 200% of the cost of intangible assets will be amortized before tax from January 1, 2022
.

　　2.
The conditions and management measures for small and medium-sized scientific and technological enterprises shall be implemented in accordance with the "Notice of the Ministry of Science and Technology, the Ministry of Finance and the State Administration of Taxation on Printing and Distributing the Measures for the Evaluation of Small and Medium-sized Technology-based Small and Medium-sized Enterprises" (Guo Ke Fa Zheng [2017] No.
115)
.

　　3.
Other policy calibers and management requirements for scientific and technological SMEs to enjoy the pre-tax deduction policy for research and development expenses, in accordance with the "Notice of the Ministry of Finance, State Administration of Taxation, Ministry of Science and Technology on Improving the Pre-tax Deduction Policy for Research and Development Expenses" (Cai Shui [2015] ] No.
119), the "Notice of the Ministry of Finance, the State Administration of Taxation, and the Ministry of Science and Technology on the Policy Issues Concerning the Pre-tax Deduction of Expenses Entrusted by Enterprises to Overseas Research and Development" (Cai Shui [2018] No.
64) and other relevant documents
.

　　4.
This announcement will be implemented from January 1, 2022
.

　　Ministry of Finance, State Administration of Taxation, Ministry of Science and Technology

　　March 23, 2022

　　Reference sources: Ministry of Science and Technology, Science and Technology Department of Henan Province, Science and Technology Daily, etc.

　　Original title: 100% of R&D expenses are deducted, adding favorable policies to improve the level of scientific and technological innovation

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