China’s Corporate Income Tax Law: Incentives and Exemptions
(1) The State provides incentives for corporate income tax for industries and projects as the targets of major support and encouragement. The following income items are tax-free:
① Treasury bond interest;
② Dividends, bonuses, and other income items derived from equity investment of a resident enterprise;
③ Dividends, bonuses, and other income items derived from equity investment of a non-resident enterprise with a branch or premise within the territory of the PRC and actually related to such branch or premise; and
④ The income of qualified non-profit entities.
(2) A company is entitled to an exemption or deduction on its corporate income tax for the following income items:
① Income from agricultural, forestry, animal husbandry, and fishery projects;
② Income from investment and operation of public infrastructure projects as the targets of major support by the State;
③ Income from qualified environmental protection, energy conservation, and water conservation projects;
④ Income from qualified technology transfer; and
⑤ The income specified in Article 3, Paragraph 3 of the Corporate Income Law.
Practising lawyers
-
Robert Zhang
An international lawyer registered in Shanghai, China. Master's degreePublish…
-
Steve Li
An international lawyer registered in Shanghai, China. Master's degreePublish…
ABOUT AUTHOR
- We are a group of China local lawyers from a few law firms
- Email: elitelawyers@outlook.com
My blog: http://www.shanghailawyer.xyz
Copyright © 2020 China International Arbitration Lawyers. All Rights Reserved.
