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Tianjin Urges for Protection of Patented Technologies and Product, Tax Reduction for R&D of Patents

ĦĦĦĦBohai Morning Post (by Sun Yi) - As stipulated in the reviewed and approved "Regulations on the Promotion and Protection of Patents in Tianjin", the costs of researching and developing patent technologies and products by enterprises and public institutions are allowed to be deducted pre business income tax, and preferential tax policies shall be applied.

ĦĦĦĦAccording to the "Regulations", the institutions receiving the patents should reward the patent inventor or designer.After the application of patents, the inventor or designer should be paid reasonably according to the scope of application and the economic gains.

ĦĦĦĦFor government procurement projects or other purchases with financial capital, the products containing patent technology that was independently researched and developed should have the priority.

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