May 31 2019

MOF Releases Preferential Income Tax Policies for Integrated Circuit Design and Software Companies

The Ministry of Finance and the State Administration of Taxation recently issued the Announcement about Preferential Enterprise Income Tax Policies for Integrated Circuit Design and Software Companies.

According to the announcement, eligible integrated circuit design and software companies will continue to enjoy enterprise income tax exemptions in the first two years if they had become profitable before December 31, 2018, and their income tax rate will be halved from the statutory tax rate of 25% from the third to the fifth year.