Circular of the Ministry of Finance and the State Administration of Taxation on Taxation Policy on Promotion of Application of Scientific and Technological Achievements

Circular of the Ministry of Finance and the State Administration of Taxation on Taxation Policy on Promotion of Application of Scientific and Technological Achievements

Cai Shui Zi [1999] No.45

May 27, 1999

Finance departments (bureaus), state and local taxation bureaus of all provinces, autonomous regions, municipalities directly under the Central Government and cities specifically designated in the State plan,

In order to carry out the Law of the People's Republic of China on Science and Technology Advancement and the Law of the People's Republic of China on Promoting the Transformation of Scientific and Technological Achievements, and to encourage the development of high/new technology industry, the circular regarding taxation policy on the research and development of high/new technology and the application of scientific achievements of scientific research institutions and colleges and universities, with the approval of State Council, is given hereby as follows:

I.
　　......