Benefiting from preferential policies, Xinjiang Kashi and Horgos - these two special economic development zone of the new business - can enjoy five free Tax incentives. Five exemptions shall be exempted from enterprise income tax within five years starting from the taxable year of the first production and operation income.
Ministry of Finance, State Administration of Taxation, National Development and Reform Commission, Ministry of Industry and Information Technology August 16 issued by the Ministry of Finance, the Inland Revenue Department was informed that the Ministry of Finance, State Administration of Taxation, National Development and Reform Commission, Ministry of Industry and Information on August 16 issued by the Ministry of Finance on the improvement of Xinjiang difficult areas to encourage the development of industrial enterprises Income tax concessions catalog "(Finance and Taxation [2016] 85) of the document, since January 1, 2016, the Xinjiang difficult areas and Xinjiang Kashi, Horgos Special Economic Development Zone, two new business income tax benefits Policy of the appropriate directory to adjust, unified in accordance with the "Xinjiang difficult areas to encourage the development of industrial enterprises preferential income tax directory" implementation.
November 2011, the Ministry of Finance, the State Administration of Taxation in order to implement the "State Council on supporting the construction of Kashi Huoerguosi Economic Development Zone, a number of opinions", issued "on Kashi Huoerguosi Notice on Enterprise Income Tax Preferential Policies for Two Special Economic Development Zones ".
This document is clear: January 1, 2010 to December 31, 2020, in Kashi, Horgos, two special economic development zones within the new "Xinjiang difficult areas to focus on encouraging the development of industrial enterprises income tax concessions (Hereinafter referred to as "Catalog") shall be exempted from enterprise income tax for five years from the first tax year of production and operation income.
To enjoy the "five free" policy, we need to meet the two core conditions: First, the new enterprises are "directory" within the enterprise refers to the "directory" in the industrial projects as the main business; Business income accounted for more than 70% of the total business income. The tax authorities shall require enterprises to provide supporting documents issued by the relevant competent departments at or above the provincial level (including the provincial level) and identify the relevant items in connection with other relevant materials in cases where it is difficult to define whether they are within the scope of the Catalog.
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