App

China to step up tax, fee reduction policies to support innovation
Updated: January 10, 2024 21:11 Xinhua

BEIJING, Jan. 10 -- China will improve the implementation of its tax and fee reduction policies further to support scientific and technological innovation, according to the State Taxation Administration.

The policy incentive of increasing additional tax deductions for research and development expenses should continue as a long-term institutional arrangement, administration official Wang Shiyu said in an interview with Xinhua.

Preferential tax and fee policies should be leveraged to encourage enterprises to double down on independent innovation, Wang said.

Efforts should also be made to explore preferential tax and fee policies to support the application of sci-tech achievements and improve the related policy environment, he said.

Copyright© www.gov.cn | About us | Contact us

Website Identification Code bm01000001 Registration Number: 05070218

All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to www.gov.cn.

Without written authorization from www.gov.cn, such content shall not be republished or used in any form.

Mobile

Desktop

Copyright© www.gov.cn | Contact us

Website Identification Code bm01000001

Registration Number: 05070218