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Value added tax: 17% |
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Corporation tax: 26.4% (in China: 33%) |
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New enterprises will be granted a 100% refund of their
paid corporation tax in the first two years from gaining
profit and a 50% refund of paid corporation tax in the
third to fifth year by the local finance authorities. |
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New enterprises will be granted a 10% refund of their
paid value-added tax in the first two years by the local
finance authorities. |
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