The executive meeting of the State Council held on March 24th decided to increase the pre-tax deduction ratio of R&D expenses of qualified industrial enterprises from 75% to 100%, which will be implemented as an institutional arrangement for a long time. In order to further encourage enterprises to increase R&D investment and better support scientific and technological innovation, the Ministry of Finance and State Taxation Administration of The People's Republic of China recently jointly issued the Announcement on Further Improving the Pre-tax Plus Deduction Policy of R&D Expenses (Announcement No.7 of the Ministry of Finance and State Taxation Administration of The People's Republic of China in 2023), clarifying the relevant issues of the pre-tax plus deduction policy of R&D expenses.

Today, I will take you to understand: R&D expenses plus deduction policy accounting and management.

Accounting and management of R&D expenses plus deduction policy

Applicable theme

In addition to tobacco manufacturing, accommodation and catering, wholesale and retail, real estate, leasing and business services, entertainment and other industries, enterprises can enjoy.

Preferential content

1. The enterprise shall conduct accounting treatment of R&D expenditure according to the requirements of the national financial accounting system; At the same time, set up an auxiliary account for R&D expenses that can be deducted according to R&D projects, and accurately collect and calculate the actual amount of R&D expenses that can be deducted in the current year. If an enterprise conducts multiple R&D activities in a tax year, it shall separately collect the deductible R&D expenses according to different R&D items.

2. The enterprise shall separately account for R&D expenses and production and operation expenses, and accurately and reasonably collect all expenses. If the division is unclear, no additional deduction is allowed.

Policy basis

Notice of State Taxation Administration of The People's Republic of China Ministry of Science and Technology of the Ministry of Finance on Improving the Pre-tax Deduction Policy for Research and Development Expenses (Caishui [2065 438+05] 165 438+09)