6 Companies in Lingang Innovation Center Have Successfully Obtained Preferential Income Tax Reductions-SHLINGANGIC
We’re proud to announce that 6 more companies in the Lingang Innovation Center have been identified as key enterprises and have received preferential income tax reductions.

On December 15, 2020 and March 22, 2021, the first and second batched of key industry Preferential Tax Treatment qualifications were released.
6 Companies in Lingang Innovation Center Have Successfully Obtained Preferential Income Tax Reductions-SHLINGANGIC

The 15% enterprise income tax policy for key industries is one of the 8 special tax policies for the Lingang Special Area specified in the “Lingang Special Area Proposal,” for enterprises engaged in integrated circuit, artificial intelligence, biomedicine, civil aviation, and other key fields related product technology corporation. Qualified enterprises with substantive production or R&D activities will have their enterprise income tax reduced at a rate of 15% within 5 years from the date of establishment.

In addition to the practical tax incentives that the policy brings to enterprises, there is also an increase in market competitiveness and visibility. For the next phase, the Lingang Special Area will expand the coverage of policy implementation by adopting normalized application, organizing review and report, providing policy publicity and explanation services, so that eligible enterprises in the special area can enjoy the policy benefits as soon as possible.