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Business / Duty-free policy expanded

Tax reduction plan extended

(China Daily) Updated: 2011-08-05 17:10

The tax reduction program for enterprises in western China will be extended for another ten years to further support the country's western development strategy, Ministry of Finance said on its website on Thursday.

Companies from incentive industries will continue benefiting from a 15 percent income tax deduction and duty-free in-house equipment until 2020.

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