High and New Technology Reform in China

Posted by Nina Wang on September 12, 2017

Nina Wang

On January 29, 2016, the Chinese tax authority announced the amended administrative approval measures (Guokefahuo, 2016-32) for High and New Technology Enterprises (HNTE) to get Research and Development (R&D) tax benefits in China.  The amended code has implemented key changes, simplifying both the process and the qualifications needed to claim R&D tax benefits; allowing greater tax advantages for small to medium sized companies, and providing new tax benefits to foreign owned subsidiaries in China. Companies must be recognized as a HNTE in order to claim R&D tax benefits. HNTE generally falls within one of the following technology …

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