No, please see the following contents:

1. Execution period of 75% plus deduction

If the actual R&D expenses incurred by an enterprise in R&D activities do not form intangible assets and are included in the current profits and losses, on the basis of actual deduction according to regulations, 75% of the actual amount will be deducted before tax during the period from October 1, 2118 to February 31, 2121; Where intangible assets are formed, they shall be amortized before tax according to 1.75% of the cost of intangible assets during the above period. (caishui [2118] No.99)

2. Which enterprises can enjoy the R&D expenses plus deduction?

R&D expenses plus deduction is applicable to resident enterprises with sound financial accounting and accurate R&D expenses collection. The following three types of enterprises are not entitled to additional deduction:

First, non-resident enterprises.

the second is to verify the collection of enterprises.

Third, the financial accounting is not perfect, and the research and development expenses cannot be accurately collected.

Third, which industries can enjoy additional deduction?

1. Tobacco manufacturing.

2. Accommodation and catering industry.

3. Wholesale and retail.

4. Real estate.

5. Leasing and business services.

6. Entertainment industry.

7. Other industries specified by the Ministry of Finance and State Taxation Administration of The People's Republic of China.

the above industries are subject to the national economic industry classification and code (GB/4754-2111), and will be updated accordingly.