Latest News:  
Beijing   Sunny    30 / 16 ℃  City Forecast

Home>>China Business

Boost for software, IC


08:00, May 04, 2012

The Chinese government has created preferential tax policies for software and integrated circuit (IC) enterprises to spur technological innovation and industrial upgrading, according to a government statement issued yesterday.

Backdated to January 1, 2011 and effective until December 31, 2017, enterprises that manufacture IC lines thinner than 0.8 microns will be exempted from corporate income tax at the first two profitable years.

The enterprises will then be taxed only at half of the tax rate for corporate income for another three years, said a joint statement released by the Ministry of Finance and the State Administration of Taxation yesterday.

China's current corporate income tax rate is set at 25 percent.


Leave your comment0 comments

  1. Name


Selections for you

  1. China's aircraft carrier completes sea trail

  2. Rainstorm hits Longyan, Fujian Province

  3. Banknote counting workers in Chongqing

  4. Science & Art

Most Popular


  1. Stagflation poses real threat to economic growth
  2. EU commissioner looks to increase investment
  3. China's young generation not 'beat generation'
  4. New dynamic for China-EU ties
  5. No answers from Pakistan
  6. Commodities trading a hurdle for global yuan use
  7. Relations reach new heights
  8. China opposes Philippine school in S. China Sea
  9. Top adviser's visit promotes friendship, cooperation
  10. Where does the world go from here?

What's happening in China

Housing prices decline by 0.7% in big cities in April

  1. Leaked secrets lead to jail time
  2. Chinese public urges better IPR protection
  3. Tourist index tells where crowds are
  4. Official hopeful car plate prices won't rise
  5. Two officials dismissed after China mine flood

PD Online Data

  1. Spring Festival
  2. Chinese ethnic odyssey
  3. Yangge in Shaanxi
  4. Gaoqiao in Northern China
  5. The drum dance in Ansai