BIZCHINA / Biz Media Digest
Finance: Tax incentives in central regions
(Shanghai Daily)
Updated: 2006-09-29 14:55
Foreign investors in China's central regions can now enjoy favorable tax
policies, said a senior official with the State Administration of
Taxation.
SAT Deputy Director Wang Li told the First Central China Investment and
Trade Expo in Changsha, Hunan Province, that if foreign investors
reinvested the profits generated from their businesses in China in other
enterprises in the country or raised their registered assets for at least
five years, the government would give a 40 percent rebate on taxes paid
on the reinvested capital.
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