The General Office of the Fuzhou Municipal People’s Government has recently released “Several Measures to Support Technological Innovation in Enterprises,” aiming to reinforce the leading role of enterprises in sci-tech innovation and ignite a vibrant atmosphere of innovation. These measures encompass a range of initiatives, including enhancing the R&D capabilities of enterprises, strengthening sci-tech innovation entities, fostering deeper collaboration between industry and academia, bolstering financial services for enterprises, providing steadfast support for innovative talents …

To enhance the R&D capabilities of enterprises, for actual R&D expenses incurred by enterprises that have not been capitalized as intangible assets and included in the current profits and losses, starting from January 1 of this year, an additional 100% deduction will be allowed before tax based on the actual amount incurred, after deductions in accordance with regulations. For intangible assets formed, they will be amortized before tax at 200% of the cost of intangible assets. Furthermore, efforts will be made to support stated-owned enterprises under the Central Government, multinational corporations, and domestic industry-leading enterprises to establish R&D facilities in Fuzhou. In addition, newly recognized functional headquarters of R&D centers will receive up to RMB 15 million in start-up subsidies and RMB 5 million in operational contribution rewards.