A Case Study on the Impact of VAT Deduction on the Enterprise Performance of Integrated Circuit Enterprises

With the development of the times, China's economic development has shifted from the past stage of high-speed growth to the current stage of high-quality development. To continuously inject momentum into economic development, the value-added tax system is undergoing continuous development and reform. On April 1, 2019, a notice was issued proposing an additional deduction policy to reduce the tax burden on enterprises. Three years later, in order to promote the high-quality development of high-tech advanced manufacturing enterprises such as integrated circuits, a special additional deduction policy will be introduced: from January 1, 2023 to December 31, 2027, integrated circuit and other enterprises are allowed to deduct an additional 15% of the deductible input tax for the current period to offset the payable value-added tax. Now, the additional deduction policy for integrated circuit and other enterprises has been implemented for two years. Compared with the past, it is worth analyzing and researching whether the impact of this policy on enterprises is still significant, in order to provide reference for subsequent policy adjustments. This article selects three listed integrated circuit companies that comply with the policy of adding credit as examples, analyzes the impact of the policy on high-tech enterprises from the perspective of corporate performance, and draws inspiration and provides suggestions for subsequent policy reform.