- The Ministry of Industry and Information Technology and three other departments issued a notice to create a list of integrated circuit companies eligible for a VAT policy in 2025. The list includes companies involved in design, production, packaging, testing, equipment, and materials as mentioned in a 2023 document. Companies must apply between September 25 to 30 and October 9 to 14, 2025, through an information reporting system. Companies already on the 2024 list must resubmit relevant materials to be considered for the 2025 list. Eligible companies will benefit from the policy starting January 1, 2025, while those not on the 2025 list will lose benefits by November 30, 2025.
Source: lexiscn.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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