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- Integrated circuit and software can be said to be the cornerstone of the current digital economy and information society. There are many "neck" short boards in these two fields in China, such as CPU, lithography machine, operating system and so on. Premier Li Keqiang presided over the executive meeting of the State Council on May 8 and decided to continue the preferential policies for income tax of integrated circuit and software enterprises
Premier Li Keqiang presided over the executive meeting of the State Council on May 8 to promote innovation in national economic and technological development zones and create a new highland for reform and opening up, China Securities News reported. We decided to continue the preferential income tax policies for integrated circuit and software enterprises and attract more domestic and foreign investment to participate in and promote the development of the information industry. Relevant departments should pay close attention to research and improve the supporting policies to promote the development of integrated circuit and software industry to a higher level.
Integrated circuit and software can be said to be the cornerstone of the current digital economy and information society. There are many "neck" short boards in these two fields in China, such as CPU, lithography machine, operating system and so on. A number of industry analysts said that the board needs to be adhered to for a long time. The decision of the executive meeting of the State Council reflects the continuity of the policy. At the same time, it also reflects the fairness of the policy by treating all kinds of capital under different ownership equally.
Signal 1: give greater reform autonomy to the economic development zone, and test the science and technology innovation policy first
According to the website data of the Ministry of Commerce, as of the end of 2017, 219 national economic and technological development zones had 18000 high-tech enterprises, accounting for 13.8% of the country’s total; there were more than 400 national incubators and maker spaces; the number of invention patents per 10000 people was 57. Meanwhile, in 2017, the regional GDP of 219 national economic development zones was 8.9 trillion yuan, up 9% year-on-year, accounting for 11% of the GDP; the total import and export volume and the import and export volume of high-tech products increased 12.9% and 10.1% year-on-year, respectively.
The importance of national economic development zones is self-evident. This national regular meeting puts forward four requirements for the development of the Economic Development Zone:
First, we need to support the economic and Technological Development Zone in optimizing its business environment, and push forward the reform of "deregulation services". Simplify the examination and approval of investment projects, carry out the examination and approval of shortage tolerance, notification and commitment system, etc. The investment promotion achievements shall be included in the assessment and incentive of economic development zone. It is convenient for entrepreneurs and innovators in terms of household registration, children’s enrollment, venture capital, etc. All localities should take the initiative to give the Economic Development Zone greater reform autonomy, unleash vitality and manage fairness.
Second, we need to promote innovation and development. The economic development zone should take the lead in implementing the national science and technology innovation policy. If the effect is obvious, we can increase the efforts of policy first and trial first. We will support the construction of national large-scale scientific test facilities and national science and technology innovation bases. The Research Institute of internal medicine of the district shall give cash rewards to the scientific and technological personnel participating in the research and development for the income from the transformation of the post invention achievements. If the income meets the regulations, the personal income tax can be reduced by 50% and included in the income from wages and salaries. We will give more support to the economic development zone and Vocational Colleges in building talent training bases.
Third, we need to improve the level of opening up. We will support the introduction of private capital and foreign investment in the development and operation of characteristic industrial parks, and encourage Hong Kong, Macao and foreign institutions, enterprises and capital to participate in the operation of international cooperation parks. Support the establishment of comprehensive bonded areas. We will support such pilot projects as the facilitation of income and expenditure of capital projects in qualified economic development zones.
Fourth, we should promote industrial upgrading. Priority should be given to the layout of major national industrial projects in the region. We will implement the actions of cultivating advanced manufacturing clusters and optimizing and upgrading modern service industries. Promote the level of "mass entrepreneurship and innovation". Encourage all kinds of capital investment to develop the digital economy.
Top 30 comprehensive economic development zones at national level
Signal 2: treat all kinds of ownership including foreign investment equally, and continue the preferential policies for income tax of integrated circuit and software enterprises
The meeting pointed out that by treating all kinds of ownership enterprises in China, including foreign-funded enterprises, equally, implementing inclusive tax reduction and fee reduction, attracting all kinds of investment to participate in and promote the development of integrated circuit and software industry, it is conducive to promoting the optimization and upgrading of economic structure and better meeting the needs of high-quality development and high-quality life. The meeting decided to implement "two exemptions and three reductions in half" (i.e. exemption from the first year to the second year, and half from the third year to the fifth year) or "five exemptions and five reductions in half" (i.e. exemption from the first year to the fifth year, and half from the sixth year to the tenth year) of enterprise income tax for IC manufacturing enterprises or projects according to different conditions stipulated We will continue to implement the preferential policy of "two exemptions and three reductions in half" for income tax specified in the notice of the State Council on printing and distributing policies to further encourage the development of software industry and integrated circuit industry in 2011.
Signal 3: study and improve the supporting policies for promoting industrial development in the next step
Integrated circuit and software industry are strategic, basic and leading industries supporting economic and social development, and their development also needs high investment and long-term adherence.
An analyst of the integrated circuit industry of a securities firm said that the existing policies of the industry have been relatively sufficient in terms of capital, talents, tax, etc. the national regular meeting expressed a firm attitude to support the development of the integrated circuit and software industry, which will be conducive to promoting the implementation of existing ideas.
Xie Shaofeng, director of the Ministry of industry and information technology’s information and software services department, recently revealed that it is expected to issue an action plan to support the development of China’s software industry in the first half of this year. Xie Shaofeng introduced that in 2018, China’s software industry realized a business income of 6.3 trillion yuan, a year-on-year increase of 14.2%, and the number of Enterprises above designated size was 37800. At the same time, he also said that China’s software industry still has problems such as insufficient national investment, disconnection of production and use, weak ecology and shortage of talents.