Tax Rate in Pudong New Area of Shanghai

With a view to follow the spirit of State Council to encourage and attract domestic enterprises from other areas and foreign investors to invest and develop in Pudong New Area, several tax reductions and exemptions are granted to the following enterprises:-

(1) Tax reduction. Foreign enterprises that engaged in manufacturing industry or infrastructure development could enjoy a reduced tax rate at 15% for enterprise income tax.

(2) Tax reduction and exemption for specific projects. Foreign enterprises that engaged in energy or transportation projects such as power station, airport, seaport and railway (operation period set for 15 years or more) can enjoy 5 years tax exemption plus 5 years 50% reduction on the enterprise income tax.

(3) Tax reduction for foreign bankers. Foreign financial institutions that invested over USD10 million (operation period set for 10 years or more) could enjoy a reduced tax rate at 15% for enterprise income tax.

(4) Tax exemption for foreign invested financial institutions. The business tax imposed on operating income that generated from Pudong New Area can be exempted for 5 years starting from the date the foreign financial institutions obtained their business registration certificate.

為貫徹落實國務院有關鼓勵和吸引國內其他地區的企業單位及外資到浦東新區投資及發展的精神，在上海浦東新區有不同的減免稅政策，其具體內容如下：

（1） 減稅。區內生產性外商投資企業和從事基礎設施建設的外商投資企業，減按15％徵收企業所得稅。

（2） 特定專案減免稅。區內外商投資企業，從事機場、港口、鐵路、電站等能源交通專案，經營期限15年以上的，第1∼5年免所得稅，第6∼10年減半徵收所得稅。

（3） 外資銀行減稅。外資金融機構，外商投資超過1000萬美元，經營期10年以上的，其經營業務所得，減按15％徵收企業所得稅。

（4） 外資金融企業免稅。區內外商投資和外國金融企業，來源於區內的營業收入，自註冊登記之日起，5年免征營業稅。