Favorable taxation policy

• Comparatively lower tax rate than experienced in other countries
• 25% business income tax is payable by foreign investors
• Incentives as to tax rate: 10 – 20% applicable for 10 – 15 years from operation commencement
• Incentives as to taxable period: exemption for 2 – 4 years and 50% reduction for 4 – 9 years

Loss remittance timing:

• Enterprises may transfer losses during 5 years.

Land rental rates:

• Land rental is exempted for 7 years on projects in areas of encouraged investment and 11 years on projects in areas with difficult socio-economic conditions.