Research On The Effect Of The Additional Deduction Policy For R&D Expenses On The Implementation Of The Technology-based SEMs

According to the implementation plan of the"three-step" strategy of scientific and technological innovation,China will enter the ranks of innovative countries by 2020.It is imperative to increase enterprise R&D innovation and take the development path of scientific and technological innovation.Small and medium-sized enterprises(SMEs),which account for a relatively high proportion of enterprises,especially technology-based SMEs,often face financing difficulties and long-term R&D returns because of fierce competition in the rmarket In order to encourage small and medium-sized enterprises to innovate independently,in 2017,our government issued the Notice on Increasing the Pre-tax Increased Deduction Ratio of Research and Development Expenses for technology-based SMEs(No.[2017]34),which raised the Increased Deduction Ratio to 75%?and effectively increased the tax incentives.The implementation of national macro-control policies will inevitably have an impact on technology-based SMEs,and the research on the effect of the implementation of the additional deduction policy has attracted wide attention.In this paper,literature research and case study are used to discuss the object of study in depth.Firstly,this paper introduces the concepts and theories related to the research foundation in detail,and then sorting out the additional deduction policies over the years according to the time sequence,especially the additional deduction policy for R&D expenses promulgated after 2007 and the accounting requirements involved in the additional deduction policy for R&D expenses,which lays the theoretical foundation and policy foundation for the following research.Thirdly,this paper makes a concrete macro and micro analysis of the effect of the additional deduction policy for R&D expenses implementation:macro-level,through the Yearbook data,it makes a horizontal and vertical comparative analysis of the influencing factors of policy implementation effect,and puts forward suggestions from the perspective of enterprises and governments;micro-level,it chooses S company,one of technology-based SMEs,as a case study,from the perspective of technology-based SMEs,From the perspective of enterprises,the impact of the accrual and deduction policy should be considered,and effective suggestions should be put forward according to the specific situation of S company.The research conclusion shows that the sensitivity and enthusiasm of enterprises to policies determine the implementation effect of R&D expense plus deduction policy.Similarly,the implementation of plus deduction policy will also have a positive impact on enterprises.As the beneficiaries of the policy,technology-based SMEs should strengthen their own construction to better adapt to the implementation of the policy;as the implementer and maker of the policy,the government should strengthen the effect of policy implementation by improving policy design and other methods.