The Enterprise Income Tax Law of People's Republic of China (PRC) has corresponding provisions:
Article 27 The following income of an enterprise may be exempted from or reduced in enterprise income tax:
(1) Income from agriculture, forestry, animal husbandry and fishery projects; ?
(two) the investment and operating income of public infrastructure projects supported by the state; ?
(three) income from engaging in qualified environmental protection, energy saving and water saving projects; ?
(4) Income from qualified technology transfer; ?
(5) Income as stipulated in the third paragraph of Article 3 of this Law. ?
Extended data:
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Relevant provisions of the Enterprise Income Tax Law of People's Republic of China (PRC):?
Article 22 The taxable income of an enterprise multiplied by the applicable tax rate, after deducting the tax amount reduced or credited according to the preferential tax provisions of this Law, shall be the taxable amount. ?
The income tax paid by an enterprise abroad can be deducted from its current tax payable, and the part exceeding the credit line can be deducted from the balance of the annual credit line for the next five years after deducting the current tax payable. ?
Twenty-fourth dividends distributed by resident enterprises from foreign enterprises directly or indirectly controlled by them, as well as the part of the income tax actually paid abroad that belongs to the income burden, can be used as the deduction items of overseas income tax of resident enterprises.
Baidu Encyclopedia-People's Republic of China (PRC) Enterprise Income Tax Law