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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

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China Tax Alert

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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© 2022 KPMG Huazhen LLP, a People's Republic of China partnership, KPMG Advisory (China) Limited, a limited liability company in Mainland China, KPMG, a Macau (SAR) partnership, and KPMG, a Hong Kong (SAR) partnership, are member firms of the KPMG global organisation of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee. All rights reserved.

The KPMG name and logo are trademarks used under license by the independent member firms of the KPMG global organisation.

For more detail about the structure of the KPMG global organisation please visit https://home.kpmg/governance.

京ICP备12028186号-1
京公网安备11010102003233号

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