Notice of the Ministry of Finance and the State Administration of Taxation on Extending the Loss Carry-over Period of High-tech Enterprises and Technology-based SMEs

 

Finance and Taxation (2018) No. 76

 

Provincial Departments, Autonomous Regions, Municipalities, and Planned Cities of the Ministry of Finance (Bureau), State Administration of Taxation, Provincial Taxation Bureaus of the Provinces, Autonomous Regions, Municipalities, and Planned Cities, Xinjiang Production and Construction Corps Finance Bureau

 

In order to support the development of high-tech enterprises and technology-based SMEs, the following is a notice on the policy for carrying forward losses of high-tech enterprises and technology-based SMEs as follows:

 

I. From January 1, 2018, the enterprises that have the qualifications of high-tech enterprises or technology-based small and medium-sized enterprises (hereinafter referred to as qualifications) in the current year are eligible to carry forward unfinished losses in the five years before the qualifying year. Annual compensation, the longest carry-over period is extended from 5 to 10 years.

 

2. The high-tech enterprises referred to in this notice refer to the high-tech enterprises identified in accordance with the “Notice of the State Administration of Taxation of the Ministry of Science and Technology on Revising and Issuing the Administrative Measures for the Identification of High-tech Enterprises” (Guokefahuo [2016] No. 32) Enterprises; the term “technology-based SMEs” refers to the acquisition of technology-based SMEs in accordance with the “Notice of the State Administration of Taxation of the Ministry of Science and Technology on Printing and Distributing the“ Measures for the Evaluation of Technology-based SMEs ”(Guo Ke Fa Zheng [2017] No. 115) Registration number business.

 

3. This notice will be implemented from January 1, 2018.