ANNOUNCED AS TEMPORARYYes
Tax or social insurance relief
On February 9th, 2015, the Chinese government announced preferntial tax policies for certain firms in the integrated circuit (IC) industry.
The scheme is very similar to one that targeted IC manufacturers; please see related act for more information.
The policy grants a two-year corporate income tax (CIT) exemption, followed by a 50% reduction in the standard CIT rate of 25% for the subsequent five years to eligible firms. The policy begins from the first profitable year before the end of 2017.
Two types of firms are targeted by the policy:
Requirements for such firms are listed below (numbers for Type 1 given first, then Type 2, where different):
The policy came into effect retroactively from the beginning of 2014.
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