China to extend tax preferences for IC and software companies

BEIJING - China's State Council has decided to continue preferential corporate income tax policies for integrated circuit (IC) and software companies. The State newsagency, Xnhua, reported that China will also seek more investment from home and abroad to participate in and promote development of the two sectors.

"China will continue to implement the tax cut and exemption policies for both sectors starting from the tax calculation and collection for 2018," Xinhua said.  www.webershandwick.cn (ATI).