hero

China Adopts a Bill on Privileges for the IT Industry

Request for service

China Adopts a Bill on Privileges for the IT Industry

The People's Republic of China creates the most attractive conditions for the development of the IT industry. The State Council of the People's Republic of China adopted a number of amendments to the tax policy regarding IT companies. Now companies that produce integrated circuits and software will receive favorable conditions for their business development.

Companies that develop 28nm chips or less, with a lifespan of 15 years or more, will be eligible for a corporate tax exemption for the next 10 years. If a company develops 65 nm process chips, it will be exempt from paying corporate tax for the next 5 years, and in the next 5 years, it will pay it at a rate of 50%. Companies developing 130 nm chips or less are exempt from corporate tax for the next 2 years, and the next 3 years will pay it at a rate of 50%.

In addition, China has extended the carryover period by 10 years for companies developing chips of 130 nm or less. Companies that are engaged in the design of integrated circuits, equipment, materials, software development, etc. are also exempt from corporate tax for the next 2 years, and then 3 years they will pay it at a rate of 50%.

Law&Trust offers services for companies engaged in IT development in China. We will tell you what you need to get tax benefits and represent your interests in government agencies.

Ekaterina Bogatova

Ekaterina Bogatova

Head of Practice

Request for service

Our clients

SHARMAX
Monerchy logo
InDrive
another world
Dodo Pizza
itranslation
semrush
Светофор
Waletto
White Rabbit
БКС Мир Инвестиций
Мята Lounge
Mere
Bona Fide
Planet VPN
Adam Edelberg
Zennek
Xhand
UDS
Socksman
Ruio
Mercuryo
UMKA
Ali&Nino
Alwond Tech
Caviar Family
DI
Ermandina
Faceter
Forbury
T-rex Pig
meeple house
Magnetist
KJM
GFN
Gem Wallet
T-rex sheep
uber logo
Bitcoin Security
Alipay
AAC Group

Contact us

We will provide detailed information on how we can help you, calculate the cost and timeline.

A team of experts at your service.

whatsapp