investment in central or western regions?
BIZCHINA / Investment Policies
What preferential policies does a foreign investor enjoy when making
investment in central or western regions?
Updated: 2006-04-17 09:34
A: Enterprises with foreign investment enjoy following preferential
policies:
1. Manufacturing enterprises with foreign investment, whose operation
period is over ten years, enjoy an exemption of enterprise income tax for
the first two years starting from profit year, and a reduction of 50% the
enterprise income tax from the third year to the fifth year (hereinafter
referred to as "Two Exemption, Three Half").
2. When the period of "Two Exemption, Three Half" expires, if the foreign
invested enterprise still recognized as advanced technology enterprise,
it can enjoy a reduction of 50% enterprise income tax, i.e. at rate of
15% for three more years in accordance with the provision of the tax law.
3. When the period mentioned above expired, the tax reductive period
could still extend for another three years.
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