In the first quarter of 2021, the industrial R&D expenditure in Linhai reached 704 million yuan, an increase of 111% compared with the same period of last year, and achieved a good result of “doubling”. Since last year, Linhai Science and Technology Bureau, in conjunction with Zhenjie, 5 science and technology consulting companies and 10 accounting firms, has carried out the R&D clearing action for the industrial enterprises in the city, taking the initiative to come to the door, guiding enterprises to set up scientific research projects and collect R&D expenses free of charge, and promoting enterprises to strengthen R&D investment, with remarkable results. In 2020, the regulated industrial R&D expenditure in Linhai reached 2.738 billion yuan, up 47.5% year-on-year, ranking first in Taizhou. R&D expenses accounted for 2.78% of the main business income, an increase of 1.1 percentage points over the same period.
In the next stage, Linhai Science and Technology Bureau will carry out in-depth R&D clearing and upgrading actions, provide key counseling for enterprises that are not actively reporting R&D expenses, and publicize R&D expenses plus deduction, R&D expenses subsidy and high income tax preferential policies.
(Source: Linhai Science and Technology Bureau)