Businesses are granted a 4-year tax exemption and a 50% reduction of payable tax for the next nine. Scientific and technological enterprises are entitled to exemption or reduction of land lease and water costs in accordance with the law.
Regarding credit incentives, projects that deploy their own scientific and technological results are entitled to capital incentives according to current legal provisions.
They also receive preferential import and export tax incentives for scientific research, technological development, and production activities. The Decree will take effect from March 20.
