On 4 May 2016, China's Ministry of Finance and State Administration of Taxation jointly issued Circular 49 (2016), which amends the conditions for the tax incentives for integrated circuit (IC) and software sectors. The incentives and previous conditions were originally included in Circular 27 (2012).
IC Production Enterprises
Incentive
The main incentives for IC production are based on the width of the circuit the enterprise is producing as follows:
- If producing products that are 0.8 …