AsiaInfo-Linkage Granted Key Software Enterprise Status Two China Subsidiaries Eligible for Retroactive Preferential Tax Rate
BEIJING and SANTA CLARA, Calif., April 8, 2013 /PRNewswire-FirstCall/ -- AsiaInfo-Linkage, Inc. (NASDAQ: ASIA) ("AsiaInfo-Linkage" or the "Company"), a leading provider of telecommunications software solutions and related services, today announced that two of the Company's subsidiaries in China, AsiaInfo-Linkage Technologies (China), Inc. ("AIBJ") and Linkage-AsiaInfo Technologies (Nanjing), Inc., ("Linkage Nanjing") have been formally granted Key Software Enterprise ("KSE") status under China's Enterprise Income Tax Law. As a result, both subsidiaries are eligible for a preferential corporate income tax rate of 10% for the years 2011 and 2012.
KSE status is currently granted every two years after formal government review. The Company applied for KSE status on behalf of AIBJ and Linkage Nanjing in October of 2012, when the relevant tax authorities released the application requirements for the years 2011 and 2012. As there had been no guarantee that KSE status would ultimately be granted, the Company previously used a rate of 15% in computing the 2011 and 2012 taxes for both AIBJ and Linkage Nanjing.
About AsiaInfo-Linkage, Inc.
AsiaInfo-Linkage, Inc. (NASDAQ: ASIA) is a leading provider of high-quality software solutions and IT services to the telecommunications industry. Headquartered in Beijing, we employ more than 11,000 professionals worldwide, providing a full suite of business and operations support systems (BSS/OSS) and associated professional services. Our core Veris™ product suite includes billing and customer care systems that serve nearly a billion subscribers globally, plus business intelligence, network management and security solutions.
Our customers work with us to converge large scale pre- and post-paid mobile operations; improve time to market for new products and services; and develop cost-effective new business models. In China we have more than 50% market share in billing, CRM and business intelligence through our longstanding partnerships with China Mobile, China Unicom and China Telecom. Our aim is to be the leading IT solutions provider to the global telecommunications industry, enabling the Connected Digital Lifestyle, and helping our customers build, maintain, operate and constantly improve their network infrastructure and IT environment.
For more information about AsiaInfo-Linkage, please visit www.asiainfo-linkage.com.
For investor and media inquiries, please contact:
Mr. Jimmy Xia
Mr. Justin Knapp
Ogilvy Financial, Beijing
In the United States:
Ms. Jessica Barist Cohen
Ogilvy Financial, New York
SOURCE AsiaInfo-Linkage, Inc.