Hangzhou Municipal Tax Service, State Administration of Taxation launches preferential policies to encourage enterprises to increase investment in technical research and development.

The additional deduction policy for research & development expenses of corporate income tax is one of the important measures. This policy provides financial support through reduction of corporate income tax to strengthen research & development and technical innovation.

In order to ensure the implementation of policies, Hangzhou Municipal Tax Service offers the customized services to help enterprises understand policy requirements and give guidance. The big data of taxation is used to automatically identify and show policy details to eligible enterprises.

These measures aim to provide better taxation support for enterprise innovation to promote the high-quality development of Hangzhou.