Announcement on Continuing the Implementation of Multiple Tax Preferential Policies Supporting Technological Innovation and the Reduction of Resource Tax on Coal Displaced from Filling and Mining | Policy | Science and Technology
On September 4th, Beijing, Guangming Daily reported that the Ministry of Finance, together with multiple departments, issued multiple notices, including "Announcement on Continuing the Preferential Policy of Reducing Resource Tax on Coal Replaced by Filling and Mining", "Announcement on the Policy Issues of Third Party Enterprise Income Tax Engaged in Pollution Prevention and Control", "Announcement on the Policy of Deducting Enterprise Income Tax on Equipment and Instruments", "Announcement on Continuing to Implement Tax Policies Related to Technology Enterprise Incubators, University Science Parks, and Crowd Creation Spaces", and "Announcement on the Policy of Value added Tax on Equipment Procurement by Research and Development Institutions", to continue implementing a number of tax preferential policies supporting green development and technological innovation. The relevant policies will be implemented until the end of 2027.
The above announcement proposes that in order to encourage intensive mining and utilization of coal resources, the tax on coal resources replaced by backfill mining will be reduced by 50%. To encourage the professional and large-scale development of pollution prevention and control enterprises, third-party enterprises engaged in pollution prevention and control that meet the conditions will be subject to a reduced corporate income tax rate of 15%. In order to guide enterprises to increase investment in equipment and appliances, newly purchased equipment and appliances with a unit value not exceeding 5 million yuan are allowed to be included in the current cost expenses at once and deducted when calculating taxable income, without calculating depreciation annually. In order to continue encouraging entrepreneurship and innovation, national and provincial-level technology enterprise incubators, university science and technology parks, and national registered maker spaces for self use, as well as properties and land provided to incubators for free or through rental, are exempt from property tax and urban land use tax; The income obtained from providing incubation services to the incubated objects is exempt from value-added tax. To encourage scientific research and technological development, domestic R&D institutions and foreign-funded R&D centers will continue to receive a full refund of value-added tax on the purchase of domestically produced equipment.
Guangming Daily
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