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Beijing Silicon Valley Offers Tax Breaks for Venture Capitalists
Published on: 2021-01-08
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China’s Silicon Valley will offer tax exemptions and tax cuts to investment companies that wait longer to exit from startups as part of the government’s efforts to bolster China’s independent technological capabilities.
 

Beijing’s tech hub, the Zhongguancun National Innovation Demonstration Zone, under a pilot policy will cut corporate income taxes for qualified venture capital companies by 50% if they hold equity stakes in startups for more than three years and if proceeds from the eventual sale of the holdings exceeds 50% of annual income.
 

If venture capitalists hold onto investments for more than five years, the proceeds from selling out will be except from income tax, the Beijing Municipal Bureau of Finance said.
 

中关村国家自主创新示范区 公司制创投税收优惠政策试点落地

1月7日,来自北京市地方金融监督管理局官网信息显示,近日,财政部、税务总局、发改委、科技部、证监会、知识产权局等国家部委联合印发文件,在中关村国家自主创新示范区开展公司型创投企业所得税优惠政策试点和技术转让所得税优惠政策试点。
 

对示范区内符合条件的公司型创业投资企业,转让持有3年以上股权所得,超过年度股权转让所得总额50%的,可以减半征收企业所得税;转让持有5年以上股权所得,超过年度股权转让所得总额50%的,可以免征企业所得税。

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