OrbitaxChina's Increased R&D Expense Super Deduction for SMEs and Increased Taxable Income Threshold for Reduced Corporate Tax Rate
|Approved Changes|China
China State Administration of Taxation has published Notice No. 18 of 2017 and interpretation on the increased super deduction for R&D expenses and Notice No. 23 of 2017 on the increased taxable income threshold for the reduced corporate tax rate for low-profit enterprises. Both measures were approved by the State Council in April 2017 ({News-2017-04-20/A/2- previous coverage}).
R&…
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