INTEGRATED CIRCUIT

China Unveils Import Tax Incentives for IC and Software Industries

07 April 2021

On 16 March, the Ministry of Finance and two other authorities issued a joint circular on import tax incentives to support the development of the integrated circuit (IC) and software industries (Cai Guan Shui No. 4 [2021]). More

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China Details Tax Concessions for IC and Software Industries

11 January 2021

China’s Ministry of Finance, State Taxation Administration, National Development and Reform Commission and Ministry of Industry and Information Technology recently issued a joint announcement (No. 45 [2020]) concerning enterprise income tax policies to support the integrated circuit (IC) and software industries. More

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China Promotes High-Quality Development of Integrated Circuits and Software Industries

13 August 2020

The State Council has recently issued a circular on policies for promoting the high-quality development of the integrated circuit (IC) and software industries (Guo Fa No. 8 [2020]). In order to further optimise the business environment for the development of the IC and software industries, policy measures are put forward in eight areas, including fiscal and taxation as well as investment and financing. More

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China Extends Preferential Tax Polices for Circuit Manufacturers and Software Developers

15 May 2019

The current preferential enterprise income tax policies on offer to manufacturers of integrated circuits (IC) and software developers are to be continued and extended to all similar China-based businesses, including those under overseas ownership. More