China has progressively developed a series of incentive regimes to encourage innovation and research and development (R&D) activities conducted by enterprises. The government offers a range of tax incentives and benefits for different stages of the R&D process covering entire R&D value chain from initiation to final achievement. In a view to managing potential risks and disputes, we suggest enterprises carry out pre-evaluations before applying these incentives, and strengthen internal management of R&D process. Based on our experience, enterprises often encounter following challenges in relation to their application of R&D:
Developed locally, our R&D Incentive specialised online-based platform www.pwcrd.com ("Website") which covers 26 major service areas of the entire R&D value chain can provide enterprises a channel to professional analysis and assessment of their eligibility to R&D tax incentives. The assessment enables enterprises to understand their potential tax issues and risks during R&D incentives application process, and provide the best solution for enterprises to legitimately maximise their R&D benefits.
Our website has following features and advantages: