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It is reported that the executive meeting of the State Council held on the 24th deployed and implemented policies such as increasing the percentage of deductions for manufacturing enterprises’ R&D expenses to encourage enterprise innovation and promote industrial upgrading.
It is reported that the executive meeting of the State Council held on the 24th deployed and implemented policies such as increasing the percentage of deductions for manufacturing enterprises’ R&D expenses to encourage enterprise innovation and promote industrial upgrading.
In recent years, preferential tax policies for the deduction of R&D expenses have been continuously increased, which has effectively promoted corporate innovation.
The meeting also proposed to reform the calculation method for the settlement and payment of R&D expenses, allowing enterprises to choose to enjoy the preferential deduction for half a year.
Pan Baochun, Chairman of Hefei Royalstar Electronics Group Co.
“Policies and measures such as increasing the percentage of additional deductions for R&D expenses of manufacturing enterprises fully demonstrate the state’s determination to support the development of the real economy and provide a solid guarantee for the innovation and R&D of enterprises, especially small and medium-sized enterprises.
It is necessary to ensure that market entities should enjoy the Enterprise innovation vitality is fully surging.
" Ma Bin, full-time vice president of China Association of Small and Medium Enterprises said.
