My OperaChina integrated circuit design enterprise will obtain more favourable tax policy
Friday, January 14, 2011 7:11:14 AM
A few days ago, the policy department's chief Shang Yong of the State Ministry of Science and Technology of China showed while mentioning China's scientific and technical innovation policy, China will utilize various fiscal and taxation policies, will help enterprises to set up and amplify the internal innovation mechanism, the proportion of requiring the research development cost of the high-tech enterprise to account for the sales amount at the same time can not be lower than 5%. Shang Yong reveals, after the value-added tax rate to the software product drops to 6% from 17%, the related departments are still here
A few days ago, the policy department's chief Shang Yong of the State Ministry of Science and Technology of China showed while mentioning China's scientific and technical innovation policy, China will utilize various fiscal and taxation policies, will help enterprises to set up and amplify the internal innovation mechanism, the proportion of requiring the research development cost of the high-tech enterprise to account for the sales amount at the same time can not be lower than 5%. Shang Yong reveals, after the value-added tax rate to the software product drops to 6% from 17%, the related departments still offer more favourable tax policy in studying to new medicine, integrated circuit design etc.. Also implementing a value-added tax several high-tech products encourages exporting. In addition, increase to scientific research personnel's reward, the income proposing drawing transformation of scientific and technical result in the regulation which the State Council releases in the proportion of lower than 20%ing, reward to scientific research personnel in the form of stock right,etc.
