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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



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