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 ...More

Notice of the Ministry of Finance and State Administration of Taxation on Several Preferential Policies in Respect of Enterprise Income Tax (No. 1 [2008] of the Ministry of Finance) makes clear and definite provisions that enterprise income tax policy of two-year exemption and three-year half reduction and value added tax policy of immediate refund ...More

In April 14,2009, Ministry of Finance and State Administration of Taxation jointly issued Notices of Ministry of Finance, State Administration of Taxation, Ministry of Commerce, Ministry of Science and Technology, State Development and Reform Commission on related tax policy for advanced technology service enterprises (Caishui[2009] 63).It explicit ...More

In July 17, 2009, Ministry of Finance and State Administration of Taxation jointly issued Notice of tax policies on supporting the development of the animation industry (Caishui [2009] 65).According to the regulations, identified anime enterprises can enjoy some tax preferential policies such as VAT refund of above 3% and 2-year exemption and 3-yea ...More

On Dec 10, 2008, the Notice of the State Administration of Taxation on Issuing the Administrative Measures for the Pre-tax Deduction of Enterprise Research and Development Expenses (for Trial Implementation) makes clear and definite requirements for the enforcement of additional calculating and deducting of RD Expenses in enterprises. additional ca ...More

According to Article 27 of new EIT law, incomes derived from technology transfer can subject to the reduction or exemption of Enterprise Tax Law. According to Article 90 of EIT law implementing regulations, the income of technology transferring shall be exempted or reduced form enterprise income tax. Which means that within one tax year, technology ...More

In addition to these common tax concessions, Hwuason Lawyers can at the special request of the enterprises, to provide other services and assistances on income tax incentives. ...More