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High-Tech Enterprise Status Recognition
With the reform of the Chinese tax system 2008, tax incentives in China have generally been eliminated. The preferential treatment for high-tech enterprises is one of the remaining incentives under the new regime. Enterprises that obtain high technology status are entitled to a preferential corporate income tax rate of 15%, which is substantially lower than China’s ordinary 25% corporate tax rate.
In 2008, the Ministry of Science and Technology of China, the Ministry of Finance and the State & Administration of Taxation jointly promulgated the Measures for the Recognition and Administration of High-Tech Enterprises, which strictly specify the requirements for the recognition and administration of high-tech enterprises.
Why obtain high-tech enterprise status?
High-tech Enterprise Status is awarded by the Chinese authorities to companies that consistently invest in the research and development of new technology and products or own proprietary intellectual property rights in some key areas supported by the Chinese government. High-Tech Enterprise Status can result in the following benefits for a company:
How can we help you?
Why choose Hwuason?
Put simply Hwuason’s team is one of the most experienced and highly skilled teams in China in this area. To date, we have helped more than one hundred domestic and international clients to successfully obtain high-tech enterprise status, including Harbin Embraer Aircraft Industry Co.,Ltd, China National Electric Equipment Corporation, China National Petroleum Corporation, Beijing Aerospace Propulsion Institute, China Animal Husbandry Industry Co,.Ltd, RAY KLH Technologies (Beijing) Company Limited, IMA Edwards Pharmaceutical Systems, Beijing Sino-Tech Institute of Mineral Exploration Co.,Ltd and many more.