In March, the Chinese government issued two notices clarifying tariff and tax incentives for the integrated circuit and software industries. Companies undertaking major integrated circuit projects and importing new equipment can pay import VAT in six-year installments after importing the first equipment, unless prohibited otherwise, if they provide a guarantee for the unpaid taxes that Customs acknowledges.
Source: mnetax.com
Latest Posts in "China"
- China Extends Preferential Tax Policy for Innovative Enterprise CDRs Through 2027
- Online Sellers Must Register for Tax When Monthly Sales Reach Thresholds, Says Tax Bureau
- Key Changes and Comparative Analysis of China’s New VAT Law Implementation Rules Effective 2026
- VAT Invoice Data: 2026 Spring Festival Holiday Sees Booming, Innovative, and Green Consumer Market
- China Exempts Import Taxes on Science Education Equipment to Boost Innovation and Public Learning
