ANNOUNCED AS TEMPORARYNo
In the PRC Ministry of Finance's Caishui 119/2015, as well as laying out the framework of a 'super-deduction' scheme for R&D expenses (please see other interventions for more information), the announcement also introduced a restriction: that only expenses incurred through operations within China were eligible for the deductions.
Internationally outsourced R&D expenses were specifically barred from inclusion in the programme. This was changed in an announcement in 2018; please see related act for more information.
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