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Ministry of Science and Technology: Enhance Implementation Mechanisms for Tax Incentives Supporting Scientific and Technological Innovation, and Elevate the Rate of Additional Deductions for Corporate
1 week ago /
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Author：小编
Yin Hejun, the Minister of Science and Technology, emphasized the need to bolster the pivotal role of enterprises in R&D investments. He advocated for the establishment of a financial framework tailored to foster scientific and technological innovation, coupled with increased financial backing for technology-driven small and medium-sized enterprises. Furthermore, he highlighted the importance of refining the execution mechanisms of tax incentives aimed at promoting scientific and technological innovation. This includes raising the rate of additional deductions available for corporate R&D expenditures, thereby incentivizing enterprises to ramp up their investments in research and development.
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