On the morning of April 3, 2025, the launching ceremony of the series of service activities for the implementation of the policy of additional deduction of R&D expenses, jointly sponsored by the Hebei Provincial Taxation Bureau and the Provincial Science and Technology Bureau, was grandly held in the Quancheng Auditorium in Xingtai. As a benchmark enterprise in the field of biotechnology in Xingtai City, Mr. Zuo, the financial director of Messi Biology, was invited to attend the event and witnessed the full implementation of the new policy service measures with representatives of more than 200 technology-based enterprises in the province.
Policy spring breeze helps science and technology innovation, and tax benefits empower enterprise development
At the launching ceremony, the leader emphasized in his speech that the policy of additional deduction of R&D expenses is an important means for the country to support enterprise innovation. In 2025, the province will promote the policy dividends to reach technology-based market entities through the innovative model of “precise push + customized service + full process tracking”. The Provincial Science and Technology Bureau simultaneously issued the “Enterprise R&D Innovation Service Action Plan”, proposing to establish a “one enterprise, one file” digital management platform to provide enterprises with full guidance services from R&D project establishment to cost collection. A policy interpretation area was also set up at the event site, where a team of tax experts answered questions specifically about the difficulties in collecting R&D expenses in industries such as biomedicine and new materials.
Messi Biology: Tax incentives drive R&D upgrades
As a representative of “specialized, refined and innovative” enterprises in Hebei Province, Zuo, the financial director of Messi Biology, said in an interview: “In recent years, the company has enjoyed a cumulative deduction of tens of millions of R&D expenses. These policy dividends are directly converted into our R&D investment in the field of new magnesium salt materials for medicine and food. In particular, this year’s policy includes the labor fees and experimental fees of external R&D personnel in the scope of additional calculations, which is expected to increase the company’s tax reduction by more than 3 million yuan, greatly boosting our confidence in the research and development of high-end magnesium salt products.” It is reported that the company has built a magnesium salt new material engineering laboratory, and its R&D investment has increased by an average of 35% per year in the past three years. Its independently developed pharmaceutical-grade magnesium oxide, magnesium carbonate, magnesium sulfate, and magnesium hydroxide products have successfully broken the international monopoly.
Innovative service model, government and enterprises jointly build a scientific and technological innovation ecosystem
The signing session of the “tax-enterprise through train” specially set up at the launch ceremony attracted attention. Mr. Zuo of Messi Biology said: “The R&D project prediction mechanism and risk warning service innovatively launched by the tax department will help us collect R&D expenses more standardized and efficiently, and it is estimated that the management cost can be saved by about 500,000 yuan each year.”
Messi Biology stated that it will take this event as an opportunity to invest an additional 20 million yuan in the construction of an intelligent R&D center in 2025, focusing on breakthroughs in the preparation technology of nano-scale magnesium compounds, and promoting the high-quality development of Hebei’s biomedical industry with higher-quality innovative results. As Mr. Zuo wrote on the event message wall: “Tax benefits are spring rain to nourish scientific and technological innovation, and the magnesium industry will set sail again on a new journey.” This launching ceremony, where policies and services are running in both directions, is injecting surging momentum into scientific and technological innovation in Yanzhao.