China's Ministry of Finance, State Administration of Taxation, and Ministry of Science and Technology have jointly issued Announcement No. 16 of 23 March 2022, which provides for the increased super deduction for R&D activities of SMEs as announced in the Government Work Report delivered earlier in March. This includes an increase in the additional (super) deduction from 75% to 100% (200% total) for R&D expenses incurred in R&D activities by small and medium-sized technology-base…