INTEGRATED CIRCUIT

MIIT Unveils Network and Data Security Guidelines for ‘Internet of Vehicles’

24 March 2022

The General Office of the Ministry of Industry and Information Technology (MIIT) recently unveiled guidelines for establishing network and data security standards for the so-called “internet of vehicles” by 2025. Efforts will be made to speed up the formulation of such standards and to deepen international co-operation. More

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China Unveils 2022 Preferential Tax Policies for IC and Software Sector

18 March 2022

As announced recently by the National Development and Reform Commission and four other central departments, integrated circuit (IC) design enterprises and software enterprises must submit their application once again in order to benefit from this year’s preferential treatment for enterprise income tax. Concerned enterprises that did not submit their applications last year must file their applications on the information filing system between 15 and 21 March this year. More

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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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