Circular on Tax Policies for High-tech Business Incubators
Circular on Tax Policies for High-tech Business Incubators
Circular on Tax Policies for High-tech Business Incubators
Cai Shui [2016] No.89
August 11, 2016
Finance departments (bureaus), offices of the State Administration of Taxation and local tax bureaus of all provinces, autonomous regions, municipalities directly under the Central Government and cities specifically designated in the state plan, and the Finance Bureau of Xinjiang Production and Construction Corps,
Upon approval by the State Council, the tax policies for high-tech business incubators (including maker spaces, hereinafter referred to as the "incubators") are hereby notified as follows:
I. From January 1, 2016 to December 31, 2018, premises and land used by eligible incubators or provided for the use of incubator enterprises on a gratuitous or leased basis shall be exempt from property tax and urban land use tax; from January 1, 2016 to April 30, 2016, the income derived from the lease of land or premises to incubator enterprises and from the provision of incubator services shall be exempt from business tax; during the pilot collection of value-added tax in lieu of business tax, the income derived from the lease of land or premises to incubator enterprises and from the provision of incubator services shall be exempt from value-added tax.
II.
......
Cai Shui [2016] No.89
August 11, 2016
Finance departments (bureaus), offices of the State Administration of Taxation and local tax bureaus of all provinces, autonomous regions, municipalities directly under the Central Government and cities specifically designated in the state plan, and the Finance Bureau of Xinjiang Production and Construction Corps,
Upon approval by the State Council, the tax policies for high-tech business incubators (including maker spaces, hereinafter referred to as the "incubators") are hereby notified as follows:
I. From January 1, 2016 to December 31, 2018, premises and land used by eligible incubators or provided for the use of incubator enterprises on a gratuitous or leased basis shall be exempt from property tax and urban land use tax; from January 1, 2016 to April 30, 2016, the income derived from the lease of land or premises to incubator enterprises and from the provision of incubator services shall be exempt from business tax; during the pilot collection of value-added tax in lieu of business tax, the income derived from the lease of land or premises to incubator enterprises and from the provision of incubator services shall be exempt from value-added tax.
II.
......