The tax refund is good for the integrated circuit industry, and Yangtze Storage receives a tax refun

2020-03-12 00:00

Recently, Yangtze River Storage Technology Co., Ltd. received a tax refund of 186 million yuan.

It is reported that Yangtze River Storage is one of my country's three major memory wafer fabs. It is jointly invested and constructed by Ziguang Group United Nations National Integrated Circuit Industry Investment Fund, Hubei Integrated Circuit Industry Investment Fund, and Hubei Science and Technology Investment Group, and is responsible for the national memory base project.

YMTC successfully developed China's first 32-layer 3D NAND flash memory chip in 2017. According to Diao Shijing, co-president of Ziguang Group, YMTC's 32-layer 3D NAND flash memory chips will be mass-produced in the fourth quarter of this year, and its 64-layer 3D NAND flash memory chip research and development is also in full swing, and it plans to achieve mass production in 2019.

On August 7, YMTC disclosed its breakthrough technology XtackingTM, which has been successfully applied to the development of second-generation 3D NAND products, and is expected to enter the mass production stage in 2019.

According to local media reports, since the end of July, Wuhan East Lake High-tech Zone has processed a total of over 1 billion yuan in value-added tax refunds, of which integrated circuit companies accounted for half of the tax refunds.

On June 27, the Ministry of Finance and the State Administration of Taxation issued a tax rebate plan to clarify the amount of input tax that has not been deducted within a certain period of time for qualified enterprises in equipment manufacturing and other advanced manufacturing, research and development and other modern service industries and power grid companies. One-time refund.

Li Hui, the person in charge of finance at Yangtze River Storage, said: “The implementation of the refund of retained tax credits can directly increase the company’s current cash flow, improve business conditions, increase investment in technological innovation, and help the company’s sustainable development.”

In the first half of the year, Premier Li Keqiang convened an executive meeting of the State Council to determine three measures to deepen the value-added tax reform. On June 27, the Ministry of Finance and the State Administration of Taxation issued a tax rebate plan to clarify the amount of input tax that has not been deducted within a certain period of time for qualified enterprises in equipment manufacturing and other advanced manufacturing, research and development and other modern service industries and power grid companies. One-time refund.