China: Updated list of industries in western regions eligible for reduced enterprise income tax
Updated list effective January 1, 2025
The National Development and Reform Commission released an updated list of industries in western regions eligible for a reduced 15% enterprise income tax (EIT).
Chinese investors establishing businesses in the designated western regions are eligible for the reduced 15% EIT provided their primary business is within one of the listed industries and that revenue from that business accounts for more than 60% of their total revenue.
The updated list is effective January 1, 2025.