According to the relevant regulations of the central, provincial, and municipal governments, the following preferential policies are available:
I. Foreign-invested enterprises can enjoy the following income tax preferences:
1. For production-oriented foreign-invested enterprises with an operating period of over ten years, starting from the first profitable year, enterprise income tax will be exempted for the first two years, and for the third to fifth years, the enterprise income tax will be levied at half rate.
The enterprise income tax rate for foreign-invested enterprises is 30%. For production-oriented foreign-invested enterprises, the enterprise income tax is levied at a reduced rate of 24%.
2. For foreign-invested export-oriented enterprises, after the tax exemption and reduction period is over, if the export product value reaches more than 70% of the total product value of the enterprise in that year, upon approval by the competent tax authority, it can be taxed according to...