(1) The income derived from the comprehensive utilization of resources by enterprises to produce products that comply with national industrial policies shall be included in the total income at a reduced rate of 90%.

(2) Income from agricultural, forestry, animal husbandry and fishery projects can be exempted or reduced from corporate income tax.

(3) Income from investment and operation of public infrastructure projects supported by the state can be exempted or reduced from corporate income tax.

(4) Income from qualified environmental protection, energy and water conservation projects can be exempted or reduced from corporate income tax.

(5) If a venture capital enterprise engages in venture capital investment that needs to be supported and encouraged by the state, 70% of the investment amount can be deducted from the taxable income.

(6) A 10% tax credit can be applied to the investment amount invested by enterprises in purchasing special equipment for environmental protection, energy and water conservation, and production safety.

(7) The research and development expenses incurred by enterprises in developing new technologies, new products, and new processes can be deducted in addition when calculating taxable income.

(8) Qualified technology transfer income can be exempted from or reduced from corporate income tax.

(9) High-tech enterprises that need key support from the state will be levied a reduced corporate income tax rate of 15%. (Prepayment)

(10) If an enterprise's fixed assets really need to be depreciated due to technological progress and other reasons, the depreciation period can be shortened or the method of accelerated depreciation can be adopted.

(11) New software production enterprises, integrated circuit design enterprises and animation enterprises can be reduced or exempted from corporate income tax after being recognized.

(12) Software purchased by enterprises and institutions can be accounted for as fixed assets or intangible assets, and its depreciation or amortization period can be appropriately shortened to a minimum of 2 years.

(13) The depreciation period of production equipment of integrated circuit manufacturing enterprises can be appropriately shortened to a minimum of 3 years upon approval by the competent tax authorities.

(14) Income derived by non-profit organizations from non-profit activities is exempt from corporate income tax.

(15) Small low-profit enterprises are levied a corporate income tax at a reduced rate of 20%. Only applicable to newly established enterprises in the current year.

For pre-tax deduction of property losses, please see Guoshuifa [2009] No. 088.

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