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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    China applies exemptions and tax exemptions to chip manufacturers

    Rocky
    Rocky
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    China applies exemptions and tax exemptions to chip manufacturers Empty China applies exemptions and tax exemptions to chip manufacturers

    Post by Rocky Fri 30 Mar 2018, 6:58 am

    China applies exemptions and tax exemptions to chip manufacturers






    2018/03/30 13:16


    (Encyclopedia of this Day News | Iraq News ) - Direct: China revealed exemptions and tax exemptions for semiconductor companies, in a move aimed at reducing dependence on foreign chip manufacturers, and in conjunction with the tension in trade relations with the United States.

    The finance ministry in the world's second-largest economy said chips manufacturers were to be exempted from corporate taxes for two or five years, followed by a partial discount, Reuters reported.

    China is seeking to secure its trade conditions in tandem with US actions against it. US President Donald Trump signed a decision last week to impose tariffs on China's imports worth 50 billion dollars. 

    Companies producing high-quality chips using 65 nm or less through investments of more than 15 billion yuan ($ 2.39 billion) would be exempted from corporate taxes for 5 years, it said.

    Companies producing quality chips of 130 nm or less will be exempted from taxes for two years.

    These decisions are made at the beginning of the taxes owed by companies since the beginning of this year.


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