减征
1.Joint ventures which are scheduled to operate more than ten years may have their incomes exempted from taxation in the first two years, and pay a 50% reduced rate in the following three years.
2.With a view to supporting and encouraging of development of the Third Industrial Enterprises (including publicly-owned enterprises which have transformed their management mechanism), according to relevant industrial policies, the income tax will be reduced or exempted within a set period.
3.Presently, China witnesses great changes in economy and sociaty, such as continous growth in investment and price index, relative decrease in savings deposit revenue, so that a reduction of individual income tax derived from savings deposit interest will be advantageous to increase individual savings deposit revenues, and correspond with the national economic development.
4.In last December, the MOC and National Tax Administration Bureau announced the Category of Technology Encouraged to Introduced. Among them, 149 can have the tax incentives of reduction or exemption.
5.Advanced technology enterprises invested in and operated by foreign businesses which remain advanced technology enterprises after the period of enterprise income tax exemptions or reductions has expired in accordance with the provisions of the Tax Law may continue to pay for an additional three years enterprise income tax at the tax rate specified in the Tax Law reduced by one half.
