The Ministry of Finance and State Administration of Taxation (SAT) issued a Notice on 20 April 2012 (Cai Shui [2012] No. 27) to renew the enterprise income tax incentives for software and IC enterprises. The Notice applies from 1 January 2011 to 31 December 2017 and is generally in line with a prior Notice (Guo Fa [2011] No.4) regarding the encouragement of development of software and IC industries. The main renewed and extended incentives are summarized below.
In the period from 1 Jan…