Notice on tax policy issues concerning the implementation of the strategy for the development of the western region

Notice of the Ministry of Finance, the General Administration of Customs and the State Administration of Taxation on Tax Policy Issues Concerning the Further Implementation of the Western Development Strategy (Fiscal and Taxation {2011} No. 58) stipulates policies and regulations on self-use equipment imported within the total amount of investment for projects in Investment-Encouraging industries, foreign Investment-Encouraging industries and superior industries in the western region. Tariff is exempt from the prescribed range. From Jan. 1, 2011 to Dec. 31, 2020, enterprise income tax was levied on enterprises of encouragement industries located in the western region in accordance with the provisions of the Tax Law by reducing the tax rate by 15%.