Anhui Released 44 Tax Preferential Policies to Serve Industrial Transfer

Anhui province recently released several tax preferential measures to boost the development of Anhui Demonstration Zone for Industrial Relocation into Cities along the Yantze River. It was reported that this is the first time that the province have formulated tax preferential policies since the approval of the Demonstration Zone.

It was known that the Several Provisions for Tax Preference to Boost the Development of Anhui Demonstration Zone for Industrial Relocation into Cities along the Yantze River issued by Anhui Provincial Office, SAT includes 44 specific measures, of which 12 ones are related to comprehensive tax preferential provisions, 5 ones for agriculture, 5 ones for high-tech industries, 8 ones for modern service industry, 3 ones for self-dependent innovation and 11 ones for resource conservation, energy conservation and emission reduction.

The Provisions encourages enterprises to engage in the construction of infrastructures. For the enterprises engaging in public infrastructures including ports and wharfs, airports and railways mainly supported by the state shall be exempted from enterprise income tax within three years starting from the tax year when the first production business revenue is gained and levied half of enterprise income tax from the fourth year to the sixth year.