An event was held in SIP Integrated Circuit Industrial Park on July 29 to explain tax policies to about 40 financial staff members from a number of tech companies in the park.

The event was the third session of a tax policy explanation tour organized by SIP Financial Audit Office in collaboration with SIP Accounting Service Outsourcing Base and SIP Accounting Society. The first session was held in BioBAY, a biotech cluster, and the second in Nanopolis Suzhou, a nanotech cluster.

At the event, Bian Yincan, tax director at the Suzhou branch of Rongcheng Accounting Firm, gave the participants an in-depth analysis and interpretation of the main tax incentives such as those on income tax and value-added tax for establishment and operation of tech companies.

Zhong Qiujie, partner of Jiangsu Huaxing Accounting Firm, gave the participants an introduction to the background and framework of preferential policies for tech companies, with emphasis on those for key industries, incubators and maker spaces.

July 30, 2025