What are the conditions for reducing the annual patent fee?

The patent applicant or patentee meets one of the following conditions: (1) an individual with an average monthly income of less than 3,500 yuan (42,000 yuan per year) in the previous year; (2) Enterprises with taxable income of less than 300,000 yuan in the previous year; (3) Institutions, social organizations and non-profit scientific research institutions; Where two or more individuals or units are the same patent applicant or patentee, they shall abide by the provisions of the preceding paragraph respectively. The reduction and exemption ratio is also good about the reduction and exemption ratio of patent fees. If the applicant or patentee is a single individual or a single unit, 85% of the above fees will be reduced or exempted. If two or more individuals or units are the same patent applicants or patentees, the above fees will be reduced by 70%. This is a testimony that the patented technology still depends on the economic base, and it also shows that the vigorous development of China's economy has brought infinite opportunities to the patented technology. Article 2 of the Patent Law of People's Republic of China (PRC)