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Tax Incentive for Synergistic Utilization of Resources

[2008-12-23 16:53:44]

When calculating its taxable income, an enterprise may take 10% off from the revenue derived from the use as its raw materials of the resources prescribed in Catalogue of Preferential Corporate Income Tax Treatments for Synergistic Utilization of Resources in the production of goods that are neither restricted nor prohibited by the State and that are in compliance with relevant State and industry standards.

  The proportion of the amount of prescribed raw materials to the amount of all materials for the production of goods shall not be lower than the criteria prescribed in Catalogue of Preferential Corporate Income Tax Treatments for Synergistic Utilization of Resources.

Source: 厦门国税局