Policy & Regulation

IC Industry Receives Reduction in Enterprise Income Tax in China

Updated:2018/4/4 14:28

According to the news from Ministry of Finance of China, Ministry of Finance, State Administration of Taxation, National Development and Reform Commission and Ministry of Industry&Information Technology have issued the Notice on Enterprise Income Tax Policy for Integrated Circuit Manufacturing Enterprises.

According to the notice, for enterprises or projects with over 10-year operation period, new IC lines built after January 1st 2018 with line width less than 130nm shall be exempted from enterprise income tax for the first two years, followed by half of the 25% statutory tax from the third to fifth years until the expiration of the period.

For enterprises or projects with over 15-year operation period, new IC lines built after January 1st 2018 with line width less than 65nm or with investment greater than CNY 15 billion shall be exempted from enterprise income tax for the first five years, then charged for half of the 25% statutory tax from the sixth to tenth years until the expiration of the period.

 Source:C114
Tags:tax|IC
For press release services, please email us at english@c114.net.cn.

Related News

E-Mail:english@c114.net.cn

Copyright© 2014 C114 All rights reserved.