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In July 17, 2009, Ministry of Finance and State Administration of Taxation jointly issued <Notice of tax policies on supporting the development of the animation industry> (Caishui  65).According to the regulations, identified anime enterprises can enjoy some tax preferential policies such as VAT refund of above 3% and 2-year exemption and 3-year half reduction. These tax preferential policies will improve the development of the anime enterprises.
Tips of tax preference
Before December 31,2010, when the anime enterprise which is general VAT taxpayer sells its independent development and production of animation software ,it`s VAT should be levied on the rate of 17%. If the actual tax burden of VAT is more than 3%, this part of taxation shall be refund to the company immediately.
Enterprise Income Tax
If identified anime enterprise independent develop and produce animation products, it can apply for enjoying enterprise income tax preferential polices about encouraging the development of software industry.
If anime enterprise provide their service of preparing animation script, designing image, designing background, designing animation, storyboard, producing animation, filming, scanning line, coloring, synthesizing images, dubbing, scoring, synthesizing sound, editing, subtitling, compression transcoding (for the format of network animation , mobile phone animation), its sales tax should be levied on 3% before December 31,2010.
Import duty and VAT
If identified anime enterprise independent develop and produce animation products, the imported goods can enjoy the preferential policies about exempting from import tariffs and import VAT.
Scope of services
Identifications of anima enterprises are carried out around the country. Hwuason can provide the following services with rich experience about tax consulting:
Assessing the feasibility of enterprise reporting
Planning corporate R&D costs
Coordinating the special audit of audit institutions
Preparing application materials
Assisting in obtaining the certificate of anime enterprise and animation products
Helping enterprises apply for tax preference
We can improve the work efficiency and let enterprises enjoy the preferential policies as soon as possible.
We make the plan in advance to avoid the tax risk.