Companies can apply for a pre-tax super deduction of 200% of their China R&D expenses – we explain who is eligible and how to apply it.
Pre-tax deduction vouchers are a critical part of annual CIT reconciliation in China. We discuss key aspects that financial managers and auditors should be aware of.
Foreign invested enterprises in China should note these common errors to optimize their internal finance processes and get the most out of their annual audit.
China has granted six-year-long tax incentives to projects on key public infrastructure development and environmental protection. Based on those laws, a recent government document clarified the implementation of such incentives on eligible projects that have already been recognized before 2008.