China will expand preferential tax policies for firms engaged in research and development beginning in 2016, according to astatement posted Wednesday night on the State Council website following a Council meeting chaired by Premier Li Keqiang.
Venture capital firms investing in new technology start-ups for more than two years will also receive tax breaks beginning in October 2015, the statement said.
Image: China will expand preferential tax policies for firms engaged in research and development beginning in 2016, according to a statement posted Wednesday night on the State Council website following a Council meeting chaired by Premier Li Keqiang. PHOTO: REUTERS
