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Economic and Technological Development Zones |
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The objective is to attract as much technology-intensive industry as possible and in this way it is more focused than the special economic zones which are designed to attract a wide spectrum of industry.
| Relevant Legislation | PETDZ Regulations passed by local municipal legislature | | Corporate income tax | 15% | | Tax Exemption and Reduction | - 2 years of exemption and 3 years of reduction by half (at 7.5%)
- Another 3 years of reduction by half for enterprises 'adopting advanced technology'
- Preferential tax rate at 10% for the year in which export value exceeds 70%
| | Local Income tax | exemption and reduction |
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