On 9 June 2015, the China Ministry of Finance and State Administration of Taxation jointly issued Circular 62 (2015) introducing tax incentives for businesses operating in the Zhongguangchun National Innovation Demonstration Zone, the He Wu Bang Innovation Trial Zone, the Mian Yang Scientific City, and other National Innovation Demonstration Zones.
One of the key incentives is an enterprise income tax exemption on gains from technology ownership transfers. The exemption applies on gains of u…