Not long ago, in 2015, the first batch of technological innovation projects in Shandong Province have been issued, and 28 projects of 13 rubber industry companies such as Triangle Tire Co., Ltd. have been included in the plan.
The total investment in research and development of all projects is about 3.65 billion yuan. According to the policy of the State and Shandong Province, the project undertaker directly applies to the competent tax authorities for the pre-tax deduction of the enterprise research and development expenses on the basis of correctly collecting the research and development expenses of the project.
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