Global EditionASIA 中文双语Français
Business
Home / Business / Technology

More tax-free incentive announced for IC and software companies

Ecns.cn | Updated: 2019-05-23 09:09
[Photo/VCG]

China's integrated circuit design and software enterprises will benefit from a new tax-free incentive policy, according to a statement by the Ministry of Finance and State Taxation Administration on Wednesday.

Companies that meet certain requirements will be exempt from income tax in the first and second profit-making years and allowed a 50 percent reduction from the third to fifth years until expiry of the preferential period, which shall start from the first profit-making year prior to December 31, 2018.

The two departments released tax preferential measures to develop software and integrated circuit industries back in 2012, followed by another policy rolled out by four governmental departments in 2016.

These regulations included requirements for enterprises to enjoy the policy, focusing on quality certification and sales revenue.

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US