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China Tax & Investment Express Issue No. 2021013 - Import-level tax policies for supporting the development of the integrated circuit industry and software industry
China Tax & Investment Express (CTIE) brings you the latest tax and business announcements on a weekly basis. We selected some comparatively key announcements to provide for a synopsis and we also provide a link that leads you to the full content of each latest announcement (in Chinese).
Matters covered in this issue include: Notice regarding the import-level tax policies for supporting the development of the integrated circuit (IC) industry and software industry; Notice regarding the administrative measures of the import-level tax policies for supporting the development of the IC industry and software industry; Notice regarding standards for formulating the list of IC enterprises, projects and software enterprises eligible for preferential tax policies; Public notice (PN) regarding matters related to further optimizing the procedures and formalities for enjoying preferential Value-added Tax (VAT) policies; PN regarding clarifying the VAT exemption policy for small-scale VAT taxpayers; PN regarding matters related to the VAT exemption of small-scale VAT taxpayers; and PN regarding “List of Illegal Acts Exempt from Tax Administrative Punishment in Case of First-time Violation”.
Please feel free to contact your EY client service professionals for further assistance if you find the announcements have an impact on your business operations.