Shanghai: Using tax support to encourage more innovation and help companies go global
In Yangpu, the entrepreneurship and development history of Shanghai Jingzhi Industrial Co., Ltd. has demonstrated this. In the 19 years since its establishment, the headquarters of Shanghai Jingzhi has moved to four places, but has never left Yangpu. Every relocation has witnessed the growth of the company. From purely mechanized products such as drawing processing and mold fixtures to the transformation and upgrading of automation and mechatronics products, from hardware-based to artificial intelligence in multiple application scenarios, from "multiple" to "specialized" and "fine", Shanghai Jingzhi has embarked on its own path of innovation and development. Behind this, it is also inseparable from the support of the Shanghai taxation department. In 2013, Shanghai Jingzhi was recognized as a high-tech enterprise and began to enjoy the tax benefits of additional deductions for R&D expenses and related tax subsidy policies. "Encouraging us to do more innovative exploration is equivalent to real financial support for enterprises." On April 28, during the tax publicity month - Rivers, Lakes and Seas Talking about Taxation theme event, Zhou Jiewen, deputy secretary of the Shanghai Jingzhi Party Branch and director of the Political Work Organization Center, told reporters.