The National Radio and Television Administration ("NRTA") has recently issued the Opinions on Boosting the High-quality Development of the Radio, Television, Online Audio-visual Industries (the "Opinions").
The Opinions anticipate that creation and production of radio, television and online audio-visual content that is more superior in quality will see much prosperity by 2025, and an increasing number of excellent programs adapting to the new era that will not only achieve ideological and artistic success but also gain popularity in the market will be rolled out. To this end, the Opinions outline certain tasks of "accelerating the upgrading into the new industrial system", "making greater efforts to optimize the industry layout", "greatly improving the market system", etc. The Opinions call for implementing the country's preferential fiscal and tax policies in terms of the system transformation of for-profit public culture institutions into enterprises, support for the development of culture enterprises, export of cultural products and development of high-tech enterprises, stating that preferential tax policies, including the policy that exempts enterprises transformed from those for-profit public culture institutions from enterprise income tax, the policy under which value-added tax on basic access and maintenance fees for cable digital television services and basic access fees for rural cable digital television services will be exempted, and the policy that value-added tax on export of cultural products and services which is particularly advocated by the state will be reduced or exempted, will be delivered with desired effects.