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.
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