State Council, Several Policies for Further Encouraging the Development of the Software Industry and Integrated Circuit Industry

国务院进一步鼓励软件产业和集成电路产业发展若干政策

Tax incentives offered to software and integrated circuit industries.

Clp Reference: 5600/11.01.28 Promulgated: 2011-01-28 Effective: 2011-01-28

Issued: January 28 2011

Effective: as of date of issuance

Interpreting authority: National Development and Reform Commission in conjunction with the Ministry of Finance, State Administration of Taxation, Ministry of Industry and Information Technology, Ministry of Commerce, General Administration of Customs and other departments

Main contents: The State Council sets forth policies on finance and taxation, investment and financing, research and development, import and export, human resources, intellectual property, and the market. Newly-established integrated circuit design enterprises and qualified software enterprises in China that have been recognised as such shall be eligible for the preferential policy of “two years of exemption and three years of 50% reduction” of enterprise income tax from the year they become profitable (Article 6).

Related legislation: Several Policies for Encouraging the Development of the Software and Integrated Circuit Industries, Jun 24 2000, CLP 2000 No.7 p.48


prc reference:5600/11.01.28
promulgated:2011-01-28
effective:2011-01-28

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