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.