Four departments issued a document! This concerns the enterprise income tax policies for non-monetary asset exchanges involving integrated circuit companies and industrial mother machine companies.

According to the Zhitong Finance APP, on August 14, the Ministry of Finance, the State Administration of Taxation, the National Development and Reform Commission, and the Ministry of Industry and Information Technology issued a notice regarding the enterprise income tax policy for non-monetary asset exchanges for integrated circuit companies and industrial mother machine companies. This policy will be effective from January 1, 2026, to December 31, 2028. The notice states that for integrated circuit companies and industrial mother machine companies, during the period from January 1, 2026, to December 31, 2028, non-monetary asset exchanges that occur can recognize non-monetary asset exchange income as stipulated, and this income can be evenly allocated to taxable income for the corresponding years within a maximum period of 5 years, calculated and paid according to existing policy regulations for enterprise income tax; losses incurred from non-monetary asset exchanges by the enterprise cannot be recognized in installments.