Announcement on Enterprise Income Tax Policy for Integrated Circuit Design and Software Industry
In order to support the development of IC design and software industry, the following announcements are made on enterprise income tax policies:
1. Integrated circuit design enterprises and software enterprises established in accordance with the law and qualified by the law shall calculate the preferential period from the profit-making year before December 31, 2018. Enterprise income tax shall be exempted from the first year to the second year. From the third year to the fifth year, enterprise income tax shall be reduced by half according to the 25% statutory tax rate and shall enjoy until the expiration of the period.
2. The term eligibility as mentioned in Article 1 of this bulletin refers to compliance with the Notice of the State Administration of Taxation of the Ministry of Finance on Further Encouraging the Development of Enterprise Income Tax Policies for Software and Integrated Circuit Industries (Fiscal and Tax  27) and the preferential policies of the Ministry of Industry and Information Technology of the Development and Reform Commission of the State Administration of Taxation of the Ministry of Finance on enterprise income tax for software and integrated circuit industries. Conditions stipulated in the Notice of Questions (Fiscal and Tax  49).
I hereby announce.
General Administration of Taxation, Ministry of Finance
17 May 2019
Chief Editor: Yin Qingyan
Source: Responsible Editor of Ministry of Finance Website: Yao Liwei_NT6056