2008 is a year for the national high-tech enterprises to reshuffle. Facing the challenge of “Made in China” to “Created in China”, the state has made great efforts to support high-tech enterprises with independent innovation ability, thoroughly screening the high-tech content of high-tech enterprises, increasing support for enterprises with real high-tech innovation ability, and investing in technology of enterprises’independent innovation. According to this principle, in April 2008, the Ministry of Science and Technology, the Ministry of Finance and the State Administration of Taxation jointly issued the Measures for the Management of Recognition of High-tech Enterprises and the Guidelines for the Management of Recognition of High-tech Enterprises in July 2008.
There is no permanent free lunch in the world. Nearly two-thirds of high-tech enterprises may be stripped of their high-tech hats after re-recognition. They are reluctant to give up the 15% tax preference, pay 25% tax rate and salivate at the last temptation of foreign enterprises who lose the shelter of “two exemptions, three halves”. Tax preferential policies are quite attractive, but the “threshold” of high-tech enterprises has also been raised after the introduction of the new identification method, which makes many enterprises with high-tech enterprise qualifications but without independent intellectual property products hesitate.
The newly promulgated Measures for identifying high-tech enterprises have a positive and far-reaching impact on promoting the development of high-tech industries in China. For the state, the limited resources can be concentrated on improving the innovative ability of enterprises and supporting the development of innovative enterprises; for enterprises, more energy and resources will be used in the research and development of technology and products under the guidance of policies, which will fundamentally enhance the innovative ability and product competitiveness of enterprises. We have reason to believe that through this shuffle, the overall structure of high-tech enterprises will tend to be reasonable, and the gold content will be greatly improved.
According to the new Enterprise Income Tax Law, the high-tech enterprises that the state needs to focus on supporting refer to those enterprises with core independent intellectual property rights and meet the requirements of relevant provisions in the identification methods, while “encouraging independent innovation” is the most important core of the identification of high-tech enterprises.
Faced with the new high-tech identification methods, Beijing Wuyuexin Company is confident that it has more than 20 patents and more than 50 software copyrights, which can prove the independent innovation strength of Wuyuexin Company; the R&D team composed of a large number of Ph.D. and M.A. graduates from well-known universities in China is a strong guarantee of the company’s R&D strength; the company’s annual continuous R&D investment and high level. The amount of high-tech product revenue makes the company’s financial indicators far exceed the high-tech recognition standards; many customers loyal to Wuyuexin Company and products have accumulated tremendous strength for the growth and development of Wuyuexin Company.
On December 31, 2008, Wuyuexin Company met the expectations of the public and appeared in the bulletin board of high-tech enterprises of the Beijing Science and Technology Commission. At the end of 2008, Wuyuexin Company handed over a satisfactory answer sheet to the customers who supported Wuyuexin, ushering in the bright future of the New Year for the coming 09 year. Let’s wish Wuyuexin Co., Ltd. a brilliant career like flowers and a firm firm company like a rock. Wish Wuyuexin Company more brilliant and beautiful in the future!
Source: Marketing Department Time: January-August 2009
