ATCDI Accredited as China High-tech Enterprise

time:2016-11-08

Recently, the ATCDI has been successfully included in the “2016 list of the first batch of high and new tech enterprises in Anhui Province” noticed by the leading group office for the administration of determination of high and new tech enterprises throughout the country, which indicates that the ATCDI has been smoothly determined as the national high and new tech enterprise.

In 2010, according to the Administrative Measures for Determination of High and New Tech Enterprises and the Guidelines on the Administration of Determination of High and New Tech Enterprises issued by the Ministry of Science and Technology, Ministry of Finance and State Administration of Taxation, the ATCDI was first determined as the high and new tech enterprise in June 2016. During the past 6 years, the ATCDI has enjoyed 10% of corporate tax preferential policy and the financial support of the intellectual property rights.

On January 29, 2016 the Ministry of Science and Technology, Ministry of Finance and State Administration of Taxation jointly formulated and issued the new version of Administrative Measures for Determination of High and New Tech Enterprises, the changes of which were mainly reflected in the following aspects compared with the previous old one: 1. In the intellectual property rights, the exclusive licensing of intellectual property rights was abolished. 2. In the proportion of personnel, the requirements for proportions of scientific and technical personnel and R&D personnel were loosened up. 3. In the research and development costs, the requirements for proportion of R&D costs were reduced. 4. In the application materials, the annual tax returns of corporate income tax were added. 5. In the annual record, the “annual development report” was added. 6. In the name and other information changes, the underreporting would lead to the cancellation of high and new tech enterprise qualification. 7. The new Measures provided that only enterprises’ “major” and “severe” violations of laws and rules could lead to the cancellation of high and new tech enterprise qualification and payment of overdue taxes. 8. The new Measures shortened the posting time from the original 15 working days to 10 working days, reduced high and new tech enterprises’ application time and at the same time required the determination authority to improve their working efficiency.

In April 2016, after receiving the determination notice from provincial and municipal departments, the leaders of ATCDI paid great attention. They convened a number of coordination meetings, emphasized the importance of the determination and required that the determination work must be carefully carried out in accordance with the new Administrative Measures for Determination of High and New Tech Enterprises and that the materials should be prepared in a rigorous and complete manner to ensure the success of re-determination. The leaders ordered the technical quality department to be responsible for the determination work and the relevant departments to cooperate. During the four months from April to August 2016, through the cooperation of the technical quality department and relevant departments, all the staff members worked together and finally completed the preparation of submitted materials in a timely manner with quality and quantity assured after continuous and uninterrupted efforts.

In September 2016, through appraisal by experts from the Provincial Science and Technology Bureau, the ATCDI successfully passed the preliminary assessment of the high and new tech enterprise determination and was determined as the high and new tech enterprise recently after posted and submitted to the Ministry of Science and Technology. The determination also reflects that the ATCDI has continued to maintain progress and development in the main assessment aspects in the recent 3 years and the qualification of “national high and new tech enterprise” has been recognized and assessed authoritatively.

It is of great significance that the ATCDI is determined as the high and new tech enterprise.

1. Tax reduction & income growth: At present, the enterprise’s income tax is 25%. The recognized high and new tech enterprise can enjoy 15% of the national enterprise income tax preference for 3 consecutive years (10% lower than before), which will greatly increase the economic efficiency of the enterprise.

2. Acquisition of support funds: The state favors high and new enterprises in many preferential policies. According to the Detailed Rules for the Implementation of the Policies on Promotion of Independent Innovation (HZBM 〔2016〕No. 65 ), the national high and new enterprises in Hefei can apply for fulfillment of these policies in every July and November respectively to obtain financial support.

3. Enhancement of enterprise’s brand image and competitiveness: The determination of the high and new tech enterprise helps the enterprise to enhance its brand image, increase the recognition from customers, partners, government and financial institutions and develop domestic and international markets.

4. Improvement of enterprise’s innovation ability: The determination of the high and new tech enterprise helps the enterprise to reinvest in R&D, enhance the independent innovation capability, improve the threshold of competition, and is of far-reaching significance for cultivation and cohesion of the enterprise’s self-development ability.