On August 4, the State Council issued a number of policies to encourage the development of software industry and integrated circuit industry, involving tax reduction and exemption, import, investment and financing, intellectual property rights and international cooperation. At the same time, the policies indicate that all integrated circuit enterprises and software enterprises established in China will enjoy relevant policies regardless of the nature of ownership. Integrated circuit manufacturing enterprises or projects with integrated circuit line width less than 28nm (including) and operating period of more than 15 years shall be exempted from enterprise income tax from the first year toRead More →
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