IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 01 Jan 2016 | Removal date: open ended
Still in force

Tax or social insurance relief

Caishui 119/2015 of November 2015 established a negative list of sectors which are not eligible for 150% 'super-deductions' on eligible R&D expenses.

From 2016 onwards, any firm that can convincingly argue that it satisfies the above conditions can potentially benefit, except those who are in the following seven industries, included on a new 'negative list':

  • Tobacco;
  • Accommodation and catering;
  • Wholesale and retail;
  • Real estate;
  • Leasing and commercial service;
  • Entertainment;
  • Any other industry specifically forbidden by the Ministry of Finance of State Administration of Taxation.

Prior to the change, only entertainment services were eligible for the super deductions. The tax relief has thus been repealed for the entertainment sectors.

 

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

961 Audiovisual & related services
962 Performing arts & other live entertainment event presentation
963 Services of performing & other artists
964 Museum & preservation services
965 Sports & recreational sports services
966 Services of athletes & related support services
969 Other amusement & recreational services

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