Circular of the Ministry of Finance and State Administration of Taxation on Expanding the Application Scope of the Additional Deduction Policy for Technology Development Expenses of Enterprises

Circular of the Ministry of Finance and State Administration of Taxation on Expanding the Application Scope of the Additional Deduction Policy for Technology Development Expenses of Enterprises

Cai Shui [2003] No. 244

November 27, 2003

To financial departments (bureaus), state taxation bureaus, financial supervisor's offices of the Ministry of Finance at various provinces, autonomous regions, municipalities directly under the Central Government and cities specifically designated in the state plan, and financial bureau of Xinjiang Production and Construction Crops:

In order to further promote the healthy development of socialist market economy, encourage all kinds of enterprises to increase investments in science and technology and raise economic efficiency to facilitate enterprises to carry out the fair competition, the application scope of the pre-tax deduction policy for technology development expenses of some enterprises shall be appropriately adjusted and the concerned issues are hereby notified as follows:

Article 1 The provisions in the Circular of the Ministry of Finance and State Administration of Taxation on Financial and Taxation Issues Concerning Promoting the Technology Progress of Enterprises (Cai Gong Zi [1996] No.
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