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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 R&D Expenses in enterprises. additional calculated and deducted of R&D Expenses means that calculating and deducting 150% of R&D Expenses during the calculation of taxable income. Enterprise enjoying the tax preference can reduce the enterprise income tax burden efficiently.
Scope of the service:
For additional calculating and deducting of R&D Expenses, HWUASON can offer the services as follows:
■ consultation of relevant policies;
■ assessing the whole situation of the enterprise to confirm that the business is feasible;
■ preparing and check materials:
Resolution and report of R&D project;
Plan of R&D project and expenses budget;
Documents about the organization and personnel of R&D project;
Collection of the R&D Expenses which can be additionally calculated and deducted;
Drawing up and checking of the contract on entrusting and cooperation of esearch and development project;
Reports and statements of R&D project results.
■ coordinating the working process of all the participant intermediaries;
■ communicating with tax authority and dealing with the settlement and payment of enterprise income tax.
Value of our service:
■ reducing the tax paid by enterprises and improving competitive power;
■ establishing and completing the system of collection and calculation of R&D Expenses.