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Article: NEW TAX POLICY LAUNCHED FOR WESTERN CHINA
- Article from:
- AsiaInfo Services
- Article date:
- May 30, 2002
CopyrightProvided by ProQuest LLC. (Hide copyright information)
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New Tax Policy Launched for Western China
CHINA, May 30, 2002 (AsiaPort via COMTEX) -- Chinese General Taxation
Bureau hasissued the Implementation Instruction of Tax Policy for
WesternDevelopment. Several preferential tax policies for the WesternDevelopment
were clarified in this notice.
According to the regulation, enterprises that are devoted to thestate-
encouraging projects with the income from these projectsexceeding
70 of their annual total can apply for preferentialtreatment. After
investigation and inspection of relevant taxorgans, 15 of their income
tax can be exempted.
For enterprises that invest in traffic, electricity, irrigationworks,
post system, and ...