Preferential Income Tax Policy for Integrated Circuit and Software Enterprises

On 8th May, the executive meeting of the State Council deployed to promote innovation in national economic and technological development zones and decided to continue the preferential income tax policies for integrated circuit and software enterprises. All kinds of enterprises with ownership established in China, including foreign-funded enterprises, are treated equally, and inclusive tax reduction and fee reduction are implemented. At present, enterprise income tax exemption and reduction have been implemented for IC manufacturing enterprises or projects respectively. Exemption from levy in the first year to the second year and reduction of levy by half in the third to fifthRead More →

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