Software industry to get public fund support

09:01, January 13, 2011      

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China's State Council yesterday announced a series of measures to boost the development of the software and integrated circuit industries.

The government will earmark capital from the central budget to fund technological improvements and the upgrading of projects in qualified integrated circuit enterprises, according to a statement issued at the end of a State Council meeting, which was chaired by Premier Wen Jiabao.

Tax concessions for the two industries, such as preferential value-added tax rates for software products, and favorable corporate income tax and business tax rates for qualified companies will continue, the statement said.

Source: Shanghai Daily
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