ANNOUNCED AS TEMPORARYYes
Tax or social insurance relief
On the 28th of November 2013, the PRC's Ministry of Finance and State Administration of Taxation released Finance and Taxation Notice No.98/2013, which stated that animation- and comic-producing companies were exempted from any VAT that amounted to more than 3% of their total sales.
The benefits were only available to companies approved by local authorities, in accordance with a scheme started in 2008. This practically excludes non-domestic firms from the programme.
The policy is effective until the end of 2017.
UPDATE: In 2018, the policy was extended to the end of 2020.
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