o enable all sectors of society to have a more comprehensive understanding of the tax and fee preferential policies for scientific and technological innovation, to more conveniently inquire about and understand these policies, and to more accurately apply and enjoy them, and to ensure that the policy dividends reach all kinds of innovation entities precisely and efficiently, the Ministry of Finance, in conjunction with the Ministry of Science and Technology, the General Administration of Customs, the State Taxation Administration and other departments, systematically sorted out the current major tax and fee policies supporting scientific and technological innovation, collected and organized tax collection and administration regulations and industry management measures, etc., and compiled the "Guidance on Major Tax and Fee Preferential Policies Supporting Scientific and Technological Innovation in China". According to the links of scientific and technological innovation activities, the policies are classified from the aspects of venture capital, research and experimental development, achievement transformation, development of key industries, and the whole industrial chain, etc. For each preferential policy, the policy type, involved tax categories, preferential contents, eligible entities, application conditions, declaration time points, declaration methods, handling materials, policy basis and other contents are listed in detail. To facilitate all kinds of innovation entities to check and apply, this book also includes a matrix table of relevant tax and fee preferential policies, striving to provide menu-style and one-stop services for innovation entities and promoting the full enjoyment of tax and fee preferential policies.

 

Download link: "Guidance on Major Tax and Fee Preferential Policies Supporting Scientific and Technological Innovation in China"

 

Table of Contents of "Guidance on Major Tax and Fee Preferential Policies Supporting Scientific and Technological Innovation in China"

 

Part I Venture Capital

 

1. Corporate Income Tax

1. Policy of deducting 70% of the investment amount from the taxable income for corporate venture capital enterprises investing in start-up scientific and technological enterprises
2. Policy of deducting 70% of the investment amount from the taxable income for corporate venture capital enterprises investing in small and medium-sized high-tech enterprises
3. Policy of deducting 70% of the investment amount from the taxable income for corporate partners of partnership venture capital enterprises investing in start-up scientific and technological enterprises
4. Policy of deducting 70% of the investment amount from the taxable income for corporate partners of partnership venture capital enterprises investing in small and medium-sized high-tech enterprises
5. Pilot of corporate income tax preferential policies for corporate venture capital enterprises in specific regions

 

1. Individual Income Tax

1. Policy of deducting 70% of the investment amount from the taxable income for individual partners of limited partnership venture capital enterprises investing in start-up scientific and technological enterprises
2. Policy of deducting 70% of the investment amount from the taxable income for angel investors investing in start-up scientific and technological enterprises
3. Policy allowing individual partners of partnership venture capital enterprises to choose to calculate tax according to a single investment fund for tax preference

 

Part II Preferential Policies for Attracting and Cultivating Talents

 

1. Corporate Income Tax

1. Increasing the pre-tax deduction ratio of employees' education expenses of enterprises from 2.5% to 8%

 

1. Individual Income Tax

1. Individual income tax preferential policy for high-end and urgently needed talents in the Guangdong-Hong Kong-Macao Greater Bay Area
2. Individual income tax preferential policy for high-end and urgently needed talents in the Guangdong-Macao In-depth Cooperation Zone in Hengqin
3. Individual income tax preferential policy for high-end and urgently needed talents in the Hainan Free Trade Port
4. Individual income tax preferential policy in Nansha, Guangzhou
5. Individual income tax preferential policy for Macao residents in the Guangdong-Macao In-depth Cooperation Zone in Hengqin
6. Individual income tax preferential policy in Pingtan, Fujian

 

Part III Research and Experimental Development

 

1. Value-Added Tax

1. Value-added tax policy for equipment procurement by research and development institutions

 

1. Corporate Income Tax

1. Corporate income tax preferential policy for enterprises' investment in basic research
2. Policy of additional deduction for research and development expenses
3. Policy of one-time pre-tax deduction for equipment and appliances
4. Policy of shortening the depreciation or amortization period for software purchased by enterprises

 

1. Individual Income Tax

1. Policy of exempting individual income tax on science and technology awards issued to scientific and technological personnel by national, provincial and ministerial-level, and international organizations

 

1. Import Tax

1. Policy of exempting import duties, value-added tax and consumption tax at the import stage for imported scientific research, scientific and technological development and teaching supplies

 

1. Other Taxes and Fees

1. Policy of exempting property tax and urban land use tax for the self-used properties and land of non-profit scientific research institutions

 

Part IV Achievement Transformation

 

1. Value-Added Tax

1. Policy of exempting value-added tax for technology transfer, technology development and related technology consultation and technology services

 

1. Corporate Income Tax

1. Policy of deferred tax payment for enterprises investing in shares with technological achievements
2. Policy of installment payment of corporate income tax for enterprises' external investment with non-monetary assets
3. Policy of exempting or reducing corporate income tax on income from technology transfer of resident enterprises
4. Pilot of corporate income tax preferential policy for technology transfer in specific areas of the Zhongguancun National Independent Innovation Demonstration Zone

 

1. Individual Income Tax

1. Policy of installment payment of individual income tax for equity incentives to technical personnel of high-tech enterprises
2. Policy of reducing individual income tax on cash rewards for the transformation of job-related scientific and technological achievements
3. Policy of deferred tax payment for equity incentives from the transformation of job-related scientific and technological achievements
4. Policy of deferred tax payment for individuals investing in shares with technological achievements

 

1. Other Taxes and Fees

1. Preferential policy for the exemption and reduction of patent fees
2. Policy of exemption and reduction of application fees, substantive examination fees for invention patent applications, annual fees and reexamination fees

 

Part V Development of Key Industries

 

1. Value-Added Tax

1. Policy of immediate refund of value-added tax for software products
2. Policy of refunding the retained input VAT credits for enterprises of major integrated circuit projects
3. Policy of refunding the retained input VAT credits for enterprises in industries such as manufacturing and scientific and technological service industries

 

1. Corporate Income Tax

1. Policy of additional 120% deduction for research and development expenses of integrated circuits and industrial machine tools
2. Policy of exemption and reduction of corporate income tax for integrated circuit and software enterprises
3. Policy of pre-tax deduction for employees' training expenses of integrated circuit design enterprises and software enterprises
4. Policy of regarding the immediately refunded value-added tax of software enterprises as non-taxable income
5. Policy of shortening the depreciation period of production equipment of integrated circuit manufacturing enterprises
6. Policy of levying corporate income tax on high-tech enterprises at a reduced rate of 15%
7. Policy of accelerated depreciation of fixed assets for manufacturing and information technology transmission industries
8. Policy of levying corporate income tax on technology advanced service enterprises at a reduced rate of 15%
9. Policy of allowing animation enterprises to enjoy the corporate income tax preferential policies for the development of the software industry
10. Policy of extending the carry-forward period of losses for high-tech enterprises and science and technology-based small and medium-sized enterprises

 

1. Import Tax

1. Policy of exempting import duties for integrated circuit and software enterprises and allowing integrated circuit enterprises to pay value-added tax at the import stage in installments
2. Policy of exempting import duties for new display enterprises and allowing them to pay value-added tax at the import stage in installments
3. Policy of exempting import duties and value-added tax at the import stage for major technical equipment manufacturing enterprises and owners of nuclear power projects

 

Part VI The Whole Industrial Chain

1. Policy of installment payment of individual income tax for small and medium-sized high-tech enterprises when converting capital stock to individual shareholders
2. Tax policies for science and technology business incubators, university science parks and maker spaces
3. Policies on value-added tax, corporate income tax and individual income tax for innovative enterprises issuing depository receipts in China
4. Policy of exempting value-added tax on ticket revenues of popular science units

 

Appendix Matrix Table for Inquiring about Major Tax and Fee Preferential Policies Supporting Scientific and Technological Innovation in China

分享