Announcement of the Ministry of Finance and the State Administration of Taxation on the Applicable Policies for the 2019 Annual Corporate Income Tax Final Settlement of Integrated Circuit Design Enterprises and Software Enterprises

This announcement clarifies that eligible integrated circuit design enterprises and software enterprises can enjoy a tax exemption for the first two years and a 50% reduction for the next three years starting from their first profit-making year, with the preferential period ending no later than December 31, 2019. It references specific conditions defined in prior tax policy documents.