According to the Provisional Regulations on the Establishment of R&D Centers of Foreign-invested Enterprises, the R&D departments of foreign-invested enterprises that are established as separate departments or companies shall have their own separate accounting and budget.
How should enterprises handle the accounting for such R&D centers? Are there specific standards and measures, and are there any special requirements?
(02/19/2008)
1. Please refer to the Enterprise Accounting Regulations for accounting
guidelines.
2. Tax shall be collected and paid by the general company.
