Are there any favorable income tax rates for enterprises established in Gaotang?
Yes. For manufacturing FIEs with an over-10 year term of operation, starting from the first year of profit-making, their enterprises income tax for the first year and the second year shall be exempted and that for the third to the fifth year shall be slashed by 50%. For newly established hi-tech enterprises, the income tax for the first two years of production shall be exempted. After the first two years, If the enterprises recognized as hi-tech, the income tax shall be levied by 15%. The profits derived by foreign investors from export oriented or technologically-advanced enterprises shall be exempt from the income tax. For product-exporting enterprises launched by foreign investors, upon the expiry of the enterprise income tax exemptions and reductions enjoyed by them in lin with tax laws, should their annual export value account for over 70% of their output that year, they may have their enterprise income tax reduced by half. If technologically-advanced enterprises still be technolo
