Announcement on Enterprise Income Tax Policies for Integrated Circuit Design and Software Industries

2019-05-23

Announcement of the Ministry of Finance and the State Administration of Taxation No. 68 of 2019

In order to support the development of integrated circuit design and software industry, the relevant enterprise income tax policies are hereby announced as follows:

1. integrated circuit design enterprises and software enterprises that are legally established and meet the requirements shall calculate the preferential period from the profit-making year before December 31, 2018. The first to second years shall be exempted from enterprise income tax, and the third to fifth years shall be reduced by half according to the statutory tax rate of 25%, and shall enjoy the enterprise income tax until the expiration of the period.

2. the term "eligible" as mentioned in Article 1 of this Announcement ", it refers to the conditions stipulated in the Notice of the Ministry of Finance and the State Administration of Taxation on Enterprise Income Tax Policies for Further Encouraging the Development of Software Industry and Integrated Circuit Industry (No.27 [2012] of the Ministry of Finance) and the Notice of the Ministry of Industry and Information Technology of the Development and Reform Commission of the State Administration of Taxation of the Ministry of Finance on Issues Concerning Preferential Enterprise Income Tax Policies for Software and Integrated Circuit Industry (No.49 [2016] of the Ministry of the Ministry of the Ministry of the Ministry of Finance).

It is hereby announced.

Ministry of Finance General Administration of Taxation

17 May 2019

Notice of the Zhejiang Provincial Department of Finance and the State Administration of Taxation of the Zhejiang Provincial Taxation Bureau on the Income Tax Administration of Trans-regional Construction and Installation Enterprises in the Province

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