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New Version of Administrative Measures for Recognition of High and New Technology Enterprise (HNTE) Released
New Version of Administrative Measures...
China Tax Alert - Issue 5, February 2016
On 4th February, 2016, Ministry Of Science and Technology (MOST), Ministry Of Finance (MOF) and State Administration of Taxation (SAT) jointly issued a notice on revising Administrative Measures for Recognition of High and New Technology (Guokefahuo [2016] No.32). Compared to Guokefahuo [2008] No.172, the broad principles behind of Guokefahuo [2016] No.32 remain the same, but it adjusts the HNTE recognition requirement, as well as the procedures and supervision of the policy. This will help achieve the policy objectives of the HNTE incentive for the benefit of in-charge tax authorities and prospective applicants.
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