Well, a jointventure means preferred treatment for the investors. A jointventure pays less incometax or even no income tax at all under certain conditions in the first five profit making years.
A jointventure pays less incometax, or even no income tax at all under certain conditions in the first five profit-making years.
合资企业头5个获利年度可以少缴所得税,在某种条件下,甚至完全不缴所得税。
3
Article 2 the taxable income of a jointventure shall be the amount remaining from its gross income in a tax year after the costs, expenses and losses have been deducted.