06 December 2017

China expands scope of qualifying R&D expense for super deduction

China's State Administration of Taxation (the SAT) released Public Notice [2017] No. 40 on November 8, to expand the scope of qualifying research and development (R&D) expenses eligible for a super deduction and to clarify certain related issues. The super deduction means an additional 50% deduction of the actual R&D expenses.

A Global Tax Alert, attached below, provides additional details.

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ATTACHMENT

Full text of Tax Alert 2017-2065

Document ID: 2017-2065