Chapter I General Provisions
Chapter I11 Integrated Circuit Manufacturing Industry
Article 20 The newly established chip, screening film, sealing & packaging and testing related integrated circuits projects and their relevant projects, which are determined to be advanced in technology and promising in sales, shall be assisted in fund by the local financial agencies with reference to the preferential taxation policies on encouraging foreign investment into energy and communications projects.
Article 21 The newly established integrated circuit streamlines shall be listed as important engineering projects of Shanghai Municipality Government. In the construction period, 1 % of interests allowance will be deducted from the total interest accruing from the part of RMB yuan of the loan for fixed assets investment.
Article 22 The newly established integrated circuit chip manufacturing project shall, within 3 years after the day of authentication, be free from the transaction fee required for the purchase of manufacturing houses and property registration fees, free from the tap water capacity expansion fees, gas capacity expansion fees and power supply surcharges required for the relevant projects.
Article 23 The customs, the exit & entry inspection and quarantine bureau and airport shall establish the system of "all-day-long appointment" and a specific express customs declaration window shall be set up to facilitate the picking up or shipping of imported or exported goods by the integrated circuit enterprises within 10 hours.
Article 24 Shanghai Municipal Restructuring Office shall, jointly with other organizations concerned, endeavor to assist the qualified integrated circuit enterprises in listing abroad. The integrated circuit enterprises are encouraged to participate into the capital restructuring of listed companies. The listed integrated circuit enterprises are encouraged to enlarge their scales through consolidation & merge, purchase and issuing more stock shares.
Article 25 Articles 7,14,15,17 and 18 in this present Policy Provisions, which are relevant to software industry, are also applicable to integrated circuit industry enterprises.
Chapter IV Integrated Circuit Designing Industry
Article 26 Shanghai Municipal Science & technology Commission shall make out a program of Specific Assistant in Funds and appropriate specific funds to establish IP bank and integrated circuit designing platform. The integrated circuit designing enterprises will be provided with EDA designing services and performance & quality assessment, testing and authentication services.
The whole-set electronic products manufacturing enterprises are encouraged to work jointly with integrated circuit designing enterprises to develop the latest products.
Article 27 If overseas enterprises transfer the use and property of integrated circuit designing technology to the enterprises at home, the transferred technology which is authenticated to be advanced shall, after check and approval by financial and taxation agencies at the same level, be exempted from withholding income tax.
Article 28 If the production of chips and screening films abroad or sealing & and testing overseas are truly essential to the integrated circuits designed by integrated circuit designing enterprises and the processing contract (specifications and quality terms shall be included) has been authenticated by Shanghai Municipal Information Office, the processed products will be levied the tariff in accordance with the interim preferential tariff rates. The part of local revenue from the VAT that is to be imposed during the processing will be refunded by the financial agencies at the same level. During the processing, if it is necessary that some intermediate steps be accomplished at home and then renew the processing abroad, some suitable bonded measures shall be adopted.
Article 29 The policies relevant to software industry in the second chapter of this present Policy Provisions are also applicable to integrated circuits designing industry. |
