The official Xinhua news agency reported 25 March that the State Council approved increasing the additional pretax deduction of 75 percent for R&D expenses to 100 percent if the expenses are incurred “as part of long-term institutional arrangements.”
The Ministry of Finance (MOF) said in a 26 March release that R&D costs that do not result in the creation of intangible assets are entitled to an additional 100 percent deduction, retroactive to 1 January. “If intangible assets are form…