good news!

In order to further support technological innovation and encourage technology-based SMEs to increase investment in research and development, the Ministry of Finance, the State Administration of Taxation, and the Ministry of Science and Technology jointly issued an announcement a few days ago to further increase the pre-tax deduction ratio of research and development expenses for technology-based SMEs
.

This year's government work report proposes to increase the implementation of the policy of super deduction for R&D expenses
.
The announcement issued by the three departments clarifies that the actual R&D expenses incurred in the R&D activities of small and medium-sized technology-based enterprises that do not form intangible assets and are included in the current profit and loss will be deducted according to regulations and will be deducted from January 1, 2022.
From January 1, 2022, 200% of the cost of intangible assets will be amortized before tax
.