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16/05/11 - GAC Issues Policies to Support the Development of Software Industry and Integrated Circuit Industry

The General Administration of Customs (GAC) has promulgated an announcement and released policies and measures to support the development of the software industry and integrated circuit industry.

According to this Announcement, the certified software enterprises, when importing self-use equipments and ancillary technology (including software), accessories, and spare parts pursuant to Contract, are not required to provide the Confirmation Letter. The tariff on them within the total investment shall be exempted, except for the imported goods as stipulated in the Catalogue of Import Products of Foreign Investment Projects not to be exempted from tax and the Catalogue of Import Products of Domestic Investment Projects not to be Exempted from Tax, while the value added tax on import shall still be levied in accordance with Provisions.

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