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Taxation

Main items of preferential Tax

Main items of preferential Tax

I. Corporate Income Tax

Area

Industrial sector / activities

Forms of incentives

Detailed treatment and criteria

 

Guangzhou (including all areas)

Basic public infrastructure projects

Tax holiday

• 3 years exemption and 3 years half reduction from 1st income-generating year

 
 

Energy and water conservative projects and environmental protection activities

Tax holiday

• 3 years exemption and 3 years half reduction from 1st income-generating year

 
 

High/new Tech Enterprises

Reduced tax rate

• 15%

 
 

Income derived from engagement in agriculture, forestry, Animal husbandry, and fishery projects

Tax reduction

• Income tax exempted or reduced by 50%

 
 

Income derived from manufacturing products which are in compliance with the industrial policies of the State by way of comprehensive utilization of resources

Reduction of income

• 10% reduction on income for income tax calculation purpose

 
 

Acquiring specific equipment used for environmental protection, energy and water conservation and production safety

Investment tax credit

• 10% investment can be credited against tax payable

 
 

Venture capital investing in unlisted small & medium
high/new tech enterprises

Reduction of taxable income

• 70% investment can be credited against its taxable income, with indefinite carry-forward

 
 

Income from qualified technology transfer

Tax reduction or exemption

• Exempted for income portion < RMB 5M

• Half-reduced for income portion >RMB 5M

 
 

• Interest income of foreign governments by providing loans to Chinese government

• Interest Income of International Financial Organizations by providing loans  with preferential interest rate to Chinese government / PRC companies

Withholding tax exemption(“WHT”)

• WHT exemption on the interest to foreign governments

• WHT exemption on the interest to International Financial Organizations

 
 
 

II. Value Added Tax

III. Other Taxes

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