Research On The Impact Of The Additional Deduction Of R&D Expenses On Performance Of SPA Enterprise

Under the guidance of the innovation-driven development strategy,carrying out research and development activities vigorously is the only way to improve the enterprise innovation capacity.Technological innovation and product progress are playing an increasingly important role in the global market competition.For a long time,the Chinese government has been committed to easing the tax pressure of enterprises,reducing the burden of tax payment as much as possible,so as to create more surplus funds for research and development work,thus effectively to avoid research and development risks,and improve their innovation performance and financial performance.The policy of additional deduction for research and development expenses has been gradually improved since its first implementation.With the expansion of policy beneficiaries,the proportion of additional deduction has been increased,so as to encourage enterprises’ R&D activities.In the process of continuous improvement of the innovation ability of the enterprise,on the one hand,it brings higher product benefits to the enterprise,on the other hand,it also stabilizes the position of the enterprise in the industry,so as to enhance the competitiveness of the enterprise.With the help of technology innovation theory,market failure theory,tax incentive theory,This paper summarizes the evolution of the policy of R&D expenses and its application status in high-tech enterprises,and explores the influence of the policy of R&D expenses on enterprise performance.The research used by case analysis method,through the interpretation of SPA company from 2012 to 2021 annual report and 2016 to 2021 R&D claim additional deduction report,using the entropy method to enterprise performance value,to explore the policy of the influence of SPA company enterprise performance.The study found that the impact of additional deduction policy on the enterprise performance can be divided into two ways: one is to directly reduce the tax payable to make the performance of financial performance better;the other is to encourage enterprises to increase R&D investment,which indirectly brings the improvement of innovation output and financial performance.It is certain that the additional deduction policy does effectively enhance the willingness of enterprises to invest in R&D,and brings higher enterprise performance to enterprises.Based on the conclusion of the SPA company case analysis,this paper provides the following suggestions: at the government level,optimize the main body of the policy,simplify the application procedure while continuing to increase the preferential treatment,and enhance the policy incentive effect;at the enterprise level,optimize the R&D expense accounting process and strengthen the internal evaluation of the enterprise,and make full use of the policy dividend to enhance the competitiveness of the enterprise.