China exempts and reduces income tax of IC enterprises

On December 17, the Ministry of finance, the State Administration of Taxation, the national development and Reform Commission and the Ministry of industry and information technology jointly issued an announcement to reduce and exempt the income tax of integrated circuit enterprises. Integrated circuit manufacturing enterprises or projects with integrated circuit line width less than 28 nm (including) and operating period of more than 15 years are exempted from enterprise income tax from the first year to the tenth year;Integrated circuit manufacturing enterprises or projects with integrated circuit line width less than 65 nm (including) and operating period of more thanRead More →

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