150% Super Deduction Regulation Update
150% Super Deduction Regulation Update
China Tax Alert - Issue 3, January 2016
Cai Shui [2015] No.119 is the most important regulatory change to the R&D Super Deduction in years. In relation to this, the State Administration of Taxation released Announcement [2015] No. 97 to provide more detailed implementation standards in respect of Cai Shui [2015] No.119. Announcement [2015] No. 97 provides detailed guidance in the areas of scope of R&D personnel, R&D expense allocation, contract R&D, criteria for determining the negative industries, accounting and allocation requirement, requirement for recording filing, post filing administration and review and execution time.
China Tax Alert
© 2023 KPMG Huazhen LLP, a People's Republic of China partnership, KPMG Advisory (China) Limited, a limited liability company in Chinese Mainland, KPMG, a Macau (SAR) partnership, and KPMG, a Hong Kong (SAR) partnership, are member firms of the KPMG global organisation of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee. All rights reserved.
The KPMG name and logo are trademarks used under license by the
independent member firms of the KPMG global organisation.
For more detail about the structure of the KPMG global organisation please visit https://kpmg.com/governance.
Connect with us
- Find office locations kpmg.findOfficeLocations
- kpmg.emailUs
- Social media @ KPMG kpmg.socialMedia
Stay up to date with what matters to you
Gain access to personalized content based on your interests by signing up today