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To support independent research and development of enterprises
 
Date:2019-08-19 By:Shiyuan Xun Source:Liuzhou Daily

According to statistics of Liuzhou's science and technology research funds in 2019 and awarding & training conference recently, Liuzhou has allocated about 70 million yuan as special fiscal fund to proportionately subsidize enterprises for their early-stage cost in independent research and development. Enterprises that have registered within the administrative area of Liuzhou and therefore are independent legal entities and that are entitled to the weighted deduction of research and development expenditure before tax after tax declaration to taxation departments of Liuzhou are eligible to apply.

As introduced by staff at the Science and Technology Bureau of Liuzhou, the CPC Liuzhou Municipal Committee and Liuzhou Municipal People’s Government have valued scientific and technological innovations very much. Over the past years, Liuzhou's up-front fiscal input in science and technology has maintained the first rank in Guangxi. Policies on science and technology that promote industrial development through fiscal support and support enterprises' innovation have been completed. Liuzhou has released the “Action Plan of Liuzhou for Supporting High-Quality Industrial Development through Scientific and Technological Innovation” and other policies to stimulate industrial innovation and development. In 2019, the annual fiscal budget of Liuzhou in scientific and technological advancement was raised to 200 million yuan, an increase of nearly 60% compared with that of last year, also the biggest raise in fiscal fund in this regard at city level since the 11th Five-Year Plan period.

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