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.
© 2021 KPMG Huazhen LLP, a People's Republic of China partnership, KPMG Advisory (China) Limited, a limited liability company in China, KPMG, a Macau partnership and KPMG, a Hong Kong partnership, are member firms of the KPMG global organisation of independent member firms affiliated with KPMG International Limited ("KPMG International"), a private English company limited by guarantee. All rights reserved. The KPMG name and logo are registered trademarks or trademarks of KPMG International.
For more detail about the structure of the KPMG global organisation please visit https://home.kpmg/governance.