Professional Services
Tax Exemption on Technology Development and Transf
A
software development company has been contracted to conduct R&D about its
client’s enterprise management software. With limited knowledge of essential
difference between recognitions of technology development contract and
technology transfer contract, the application for technology transfer contract
was rejected by the related authority. Through discussions with R&D staff,
GFC appropriately distinguished business types and correctly divided proportions
and contents regarding technology transfer and contracted R&D. GFC assisted
the company to simultaneously apply technology development and technology
transfer recognition for enterprises and eventually gained approval from
related authority. Accordingly, a tax saving about RMB4.5 million was achieved.
