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China Cuts Taxes for Animation Companies

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China Cuts Taxes for Animation Companies

China has reduced business taxes for qualifying animation companies by 3 percent.

The news, first reported in the China Stock Journal, says qualifying companies must earn at least 60 percent of their revenues from animation and develop at least half its animation in house.

The trial policy also requires companies have 30 percent of all employees and 10 percent of its R&D staff be certified animation developers.

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