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&D Super Deduction for SMEs
The Super Deduction tax incentive has been available for several years …