1 If the output value of export products of high-tech enterprises reaches more than 7% of the total output value of the current year, the income tax will be levied at a reduced rate of 1% after verification by the tax authorities. The technology development expenses actually incurred by the enterprise are not limited by the proportion, and are included in the management expenses, which are allowed to be deducted before paying the enterprise income tax.

2. If the technology development expenses incurred by state-owned and collective industrial enterprises, joint-stock enterprises and associated enterprises controlled by state-owned and collective enterprises and engaged in industrial production and operation have actually increased by more than 1% over the previous year, the taxable income of the current year is allowed to be deducted according to 5% of the actual technology development expenses after examination and approval by the tax authorities.

3. Enterprises and institutions that receive technology transfer, technical consultation, technical service and technical training related to technology transfer, and whose annual net income is less than 3, yuan, are temporarily exempted from enterprise income tax. For the part exceeding 3, yuan, enterprise income tax shall be levied at the applicable tax rate.

Extended information:

1 The executive meeting of the State Council held on April 25th decided to further clarify a series of preferential tax policies to reduce the cost of entrepreneurial innovation and increase tax reduction.

2. For example, the upper limit of the unit value of newly purchased R&D instruments and equipment for enterprises enjoying one-time pre-tax deduction in the current year will be raised from 1 million yuan to 5 million yuan; Extend the loss carry-over period of high-tech enterprises and high-tech small and medium-sized enterprises from 5 years to 1 years.

3. Accelerating the construction of an innovative country is an inevitable requirement for changing the mode of economic development and the driving force of economic growth, and it is also an important measure for building a modern economic system. According to the latest statistics of State Taxation Administration of The People's Republic of China, in the first quarter, the tax authorities implemented various preferential tax policies to support the development of high-tech enterprises and reduced taxes by 9.4 billion yuan, a year-on-year increase of 61.4%.

4 "Since the 18th National Congress of the Communist Party of China, China has initially formed a comprehensive and wide-ranging tax policy system to protect and encourage innovation, effectively reducing the tax burden, enhancing cash flow and providing a good external impetus for enterprise innovation." Li Xuhong, director of the Institute of Finance and Taxation Policy and Application of Beijing National Accounting Institute, said.

Reference: China Economic Net-The accumulated tax reduction of high-tech enterprises in the first quarter was 9.4 billion yuan.