What is Xi'an's High-tech Enterprise Certification and what benefits does it offer?

What is the recognition of high-tech enterprises?

The High-tech Enterprise Identification Policy is a guiding policy that primarily offers support in terms of funding and taxation. Its purpose is to guide enterprises in adjusting their industrial structure, pursuing a path of independent innovation and continuous innovation, stimulating their enthusiasm for independent innovation, and enhancing their technological innovation capabilities.

Benefits of High-Tech Enterprise Recognition

1. Funding Grant

Newly recognized high-tech enterprises receive a reward of up to 500,000 yuan.

2. Tax Reductions

Corporate income tax reduction of 40% while also benefiting from additional deduction for R&D expenses.

(Note: Additional Deduction refers to a tax preference measure under the tax law, which allows for an additional percentage to be added to the actual amount incurred, as a deduction from the taxable income when calculating the tax payable. Specifically, the Corporate Income Tax Law stipulates that research and development expenses incurred in the development of new technologies, new products, and new processes can be added as deductions when calculating the taxable income. For research and development expenses recorded as current period expenses and not forming intangible assets, a direct deduction of 75% of the actual R&D expenses incurred in that year is permitted against the taxable income of that year. For R&D expenses forming intangible assets, the amortization before tax is calculated at 175% of the cost of the intangible asset. Unless otherwise provided by law, the amortization period must not be less than 10 years.)

3. Priority Listing

Enjoy the green channel to facilitate corporate financing and IPO

4. Financial and policy support

Land, rent, industrial electricity, energy conservation and emission reduction, and other supportive policies, as well as policy inclinations for land and forest use.

5. Brand Enhancement

The company's endorsement significantly boosts brand recognition and effectively expands both domestic and international markets.

Asset Depreciation

Fixed Assets Accelerated Depreciation, a Strong Impact on Financial Statements

Attract Talent

The core of technological innovation is talent, which is more conducive to attracting talent.