China Briefing News

China Further Increased Tax Support for R&D Investments in 2022

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China further increased its tax support for R&D investments in 2022, expanding super deduction on R&D expenditure to TSMEs. in an effort to encourage innovation, promote industrial upgrade, and strengthen the core competitiveness of the country.

Shanghai Encourages Foreign R&D Centers, Introduces a Dozen Support Policies

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The new support policies to encourage foreign investors to set up R&D centers in Shanghai will be in effect from December 1, 2020 until November 30, 2025.

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