Normal tax rate = 17%
(for common industries) is applied for 10 years

In case of an enterprise newly established from an investment project in an industrial park, it shall enjoy exemption from taxation for 2 years and discount of 50% for tax payables in the next 4 years.

Import tax exemption for machinery and equipment which are used to create fixed assets.

Import tax exemption for raw materials and imported materials which are used to produce export goods.

Tax VAT applies to industries from: 0%, 5% and 10%.

VAT exemption for goods including imported raw materials in order to produce export goods under contracts signed with foreign countries.

Enterprises do not have to pay oversea remittance tax.