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Report: Chinese government gives more tax incentives to software & IC industries

The Chinese State Council has recently issued Circular 4 to set out tax and non-tax policies with a view to further encouraging the development of the software and integrated circuit industries.

Not only has Circular 4 given a new lease of life to many old tax incentives for the software and integrated circuit industries, it has also paved the way for new preferential tax policies for those industries.

Some of the key issues in relation to the tax policies stated in Circular 4 are to be discussed in this KPMG report.

To download the full report, click on the PDF attachment. 

(Source: KPMG)