Innovation and R&D are inexhaustible driving force and core competitiveness for long-term and sustainable development of an enterprise. Chinese government attaches great importance to the role of R&D investment by enterprises in national economy, and introduces a series of R&D incentive programs.
Based on PwC global R&D Incentive Services Network, PwC China has established a full time China R&D Incentive Services team. Our team consists of engineering and science experts specializing in different fields as well as experienced financial and tax professionals who provide value and support to your innovation.
In the process of applying for R&D incentives, enterprises often encounter following difficulties due to reasons such as lack of comprehensive management, of R&D activities and expenses, adopting misleading accounting driven methodology rather than correct technology driven methodology and ineffective internal communication:
China R&D incentive services team, as part of PwC global R&D incentive services network, has assisted hundreds of clients in structuring their R&D programs, improving their return on R&D investment and their effective tax rate. We also work with governments of all levels to design and improve tax regimes in order to foster innovation.
Our team consists of tax, financial, engineering, and science experts who understand technical challenges confronting enterprises in different industries, and combines extensive experience in analyzing the often ambiguous statutory language concerning R&D incentives with knowledge of varying local practices. Our professionals include technical specialists with rich industry experience that assist in identifying those R&D activities which qualify for incentives but might be otherwise overlooked.
We provide insights and professional suggestions that can help mitigate risk and effectively manage tax burden. adopting technology driven methodology, we assist enterprises to identify and develop critical and strategic initiatives, support implementation through documentation of key aspects of various incentives, and develop procedures and technologies intended to improve the efficiency and effectiveness of identifying, documenting, calculating, and sustaining current and future incentives as well as management of R&D activities for incentive purposes.
R&D management experts
PwC China R&D Incentive Services team are invited by China central and local government authorities to advise on legislation in relation to China R&D incentive policy reform
IT/software, Manufacturing/automobile, telecommunication, Banks/insurance/financial institutions, Energy/chemical, Pharmaceuticals/life science/agriculture, Entertainment/media, Transportation, and other industries.
Leveraging technological expertise to identify R&D activities accurately
Avoiding risks derived from wrong accounting driven methodology
Located in all major including Australia, Canada, France, Germany, UK, US, etc.