China News Service, Guangzhou, December 21st (Guo Junyue Ruixuan) A reporter learned from the Guangdong Provincial Taxation Bureau of the State Administration of Taxation on the 21st that recently, the bureau took the lead in dividing the technical field by using the R&D fee plus deduction policy as its starting point. Sort out business matters, clarify policy basis, establish working standards, standardize work processes, and focus on new generation information technology, high-end equipment manufacturing, green and low-carbon, biomedicine, digital economy, new materials, marine economy, modern seed industry and precision agriculture, modern R&D expenses in 10 key areas including engineering technology, semiconductors and integrated circuits have introduced targeted tax policy guidelines.
Guangdong Taxation Issues Guidelines on Tax Policies for R&D Fees in Ten Key Fields Photo courtesy of Guangdong Taxation Bureau
It is reported that the policy guidelines are aimed at speeding up the solution of the “lack of cores and fewer cores” in Guangdong’s industrial development and the bottleneck problems of core technologies, key components and major equipment being constrained by others, and provide strong tax support for promoting the construction of a strong scientific and technological innovation province in Guangdong and the cultivation of industrial clusters. .
The super deduction policy for R&D expenses is an important measure for the country to transfer profits and reduce burdens and to share innovation risks with enterprises. Since its introduction in 1996, it has played an effective tax regulation role in leveraging R&D investment in the whole society and activating the innovation vitality of the whole society. A large number of technological innovation entities have been incubated.
Guangdong Taxation Issues Guidelines on Tax Policies for R&D Fees in Ten Key Fields Photo courtesy of Guangdong Taxation Bureau
Enterprises in key fields generally have a large amount of scientific research investment, and enjoy a high degree of tax saving due to the R&D fee plus deduction policy. However, because the policy is relatively systematic and systematic, the R&D activities themselves are often complicated and have long cycles. R&D activities in different fields have their own characteristics and strong professionalism. Therefore, enterprises need to collect more data when calculating, which is more difficult and difficult to comprehend.
In order to avoid the worry that enterprises are not easy to enjoy, dare to enjoy, or under-privileged due to unfamiliar policies, the Guangdong Provincial Taxation Bureau, based on the "R&D Expenses Plus Deduction Policy Implementation Guidelines Version 1.0" compiled by the State Administration of Taxation in 2018, Analyze the pain points, blockages, and difficulties encountered by enterprises in different fields in the process of enjoying the policy, and compile normative guidelines for taxation policies for R&D fees in ten key areas in accordance with a unified caliber, unified process, unified style, and unified method to help enterprises use it This "old" policy is easy to use.
According to Liu Ke, Director of the Corporate Income Tax Division of the Guangdong Provincial Taxation Bureau, during the "13th Five-Year Plan" period, in order to accelerate the growth of new drivers, the state has repeatedly optimized and adjusted tax policies that encourage innovation, which can be summarized as "one excellent, one extension, one plus". : "One Excellent" is to optimize the R&D expense deduction policy, the most direct benefit is to increase the percentage of the additional deduction from 50% to 75%; "One Extension" is the longest loss for high-tech enterprises and technology-based SMEs The carry-over period is extended from 5 years to 10 years; "OnePlus" is to increase preferential efforts for software and integrated circuit companies. The Guangdong taxation department has given full play to its functions and fully implemented tax preferential policies for high-tech enterprises, R&D expenses plus deductions, and technology business incubators to add momentum to innovation and development. (Finish)