China Says Chip Cos’ Preferential Taxes Effective Until 2030

March 29, 2021, 3:02 AM UTC

China’s semiconductor and software industries will enjoy tax relief measures and are exempted from import tariffs from July 2020 to Dec. 2030, according to a government statement.

  • NOTE: The preferential policies to boost the chip and software sectors were first announced in Aug. 2020
  • Earlier: China Unveils Measures to Boost Chip, Software Sectors:Xinhua(1)

To contact Bloomberg News staff for this story:
Li Liu in Beijing at lliu255@bloomberg.net

To contact the editors responsible for this story:
John Liu at jliu42@bloomberg.net

James Mayger

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