Circular of the State Council on Implementing Transitional Preferential Enterprise Income Tax Policy for Newly-established High-tech Enterprises in Special Economic Zones and the Pudong New Area of Shanghai

Circular of the State Council on Implementing Transitional Preferential Enterprise Income Tax Policy for Newly-established High-tech Enterprises in Special Economic Zones and the Pudong
New Area of Shanghai

Guo Fa [2007] No.40

December 26, 2007

people's governments of all the provinces, autonomous regions and municipalities directly under the Central Government, departments and ministries under the State Council, and the authorities directly under the State Council:

In accordance with Article 57 of the Law of the People's Republic of China on Enterprise Income Tax, the State Council has decided to introduce a transitional preferential tax policy applicable to newly-established high-tech enterprises that require key support from the state and are established in special zones lawfully designated as foreign economic cooperation and technology exchange zones, as well as other zones that apply the special policy as adopted in the above-mentioned zones as prescribed by the State Council.
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