Favorable taxation:

1) Any foreign invested productive enterprise whose operational period in the province is to be more than 10 years is exempt from local income tax starting from the first year to the fifth year of operation; local income tax is levied at a rate of 50 percent from the sixth year to the 10th year of operation with the approval of the local taxation office. Starting from the first year of production and operation, the enterprise is exempt from property tax and vehicle and ship license tax for five years.

2) Any non-productive foreign invested enterprises whose duration of operation in the province is to be more than 10 years will be exempted from local income tax from the first year of profit to the second year, after which tax will be levied from the third year to the fifth year at a rate of 50 percent upon approval of the local taxation office. Starting from the year when they begin operating, they shall be exempt from property tax and ship and vehicle license tax for a successive period of two years.

3) Any foreign invested enterprises whose export output value reaches a rate of 70 percent or above of total output is exempt from local income tax, property tax and ship and vehicle license tax upon the approval of the local taxation office and confirmation of the department of foreign trade. Any advanced technological enterprises will be exempt from local income tax, property tax and the ship and vehicle license tax with approval of the local taxation office.