What sort of tax preferential policies can foreign investors enjoy in pudong New Area?
(1) The income tax of foreign-invested manufacturing enterprises shall be levied at a reduced rated of 15%. (2) Foreign-invested enterprises scheduled to operate for a period over 10 years shall be exempted from income tax in the first two years starting from the profit-making year and be granted a 50% reduction in the next three years. (3) “High-tech Projects” invested by foreign investors in Pudong New Area can enjoy 10% income tax rate for another three years after the period of tax exemption and tax reduction. Export enterprises with foreign investment shall pay their income tax at a reduced rate of 10% when their annual export sales value amounts to more than 70% of the annual sales value. (4) The income tax of foreign-invested enterprises in the field of ports, energy and transportation shall be levied at a reduced rate of 15%. If the operation period of the above-mentioned enterprises is over 15 years, the income tax shall be exempted for the first 5 years starting from the firs
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