China

Details

  • Service: Tax
  • Industry: Technology, Media & Telecommunications, Technology
  • Type: Business and industry issue, Publication series, Regulatory update
  • Date: 5/21/2012

Corporate Income Tax incentives for software and integrated circuit industries further clarified 

China alert: Technology, Media & Telecommunications Focus - Issue 1, May 2012

 

The Ministry of Finance (MoF) and the State Administration of Taxation (SAT) jointly issued Cai Shui [2011] No. 27 (Circular 27) on 20 April 2012, interpreting the Corporate Income Tax (CIT) incentives for software and integrated circuit enterprises specified in Guo Fa [2011] No. 4 (Circular 4) and clarifying certain implementation issues. Circular 27 will take effect retrospectively from 1 January 2011.

 

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