Rules Encouraging Foreign Investment in Heilongjiang Province

(1) Enterprise income tax 1. Foreign-funded enterprises set up in Heilongjiang Province and run for ten years and more shall be exempt from local income tax for ten years from the first profit-making year. After the expiration of tax reductions, export earning enterprises (with exports accounting for 50 percent of the output value of the year), technically advanced enterprises and enterprises engaged in resources development, communications,