Tax Regulation And Promotion Of Innovation In Russia And China
Table 3:
| Tax type | Incentive rate, % | Duration of the benefit |
| Value added tax | 0 | When importing production equipment and various materials imported by foreign participants of the enterprise on account of their share in the company, VAT is not charged if they are involved in the production of products for export |
| Corporate income tax | from 0 to 17.0 | In manufacturing industries: if the term is exceeded by more than 10 years, the first year is a full exemption for a period of up to two years, the third or fifth year is reduced by half.When investing more than 5 million dollars: release in the first, second, third year by half. |
| Property tax | 1.2 | - |
| Land tax | from 5 to 15.0 | - |