Corporate income tax (CIT) incentives

• Year 1 - 2: 0%

• Year 3 - 6: 50% reduction (current tax is 20% of taxable revenue)

• Year 1 - 4: 0%

• Year 5 - 13: 5%

• Year 14 - 15: 10%

• Hi tech products manufacturing;

• Eco friendly and energy saving solutions applied;

• Minimum revenue from hi-tech products: 70% of total annual net revenue;

• Minimum expenses for R&D: 0.5% of total annual net revenue;

• Number of employees with specialized university degree: 2.5% of total employees.