Huangpu introduces tax reduction measures for businesses

Huangpu district has announced 10 new measures for financial and tax intelligence, which will further promote tax reductions and fee reductions for businesses. 

These measures combine the use of tax incentives, policy rewards, subsidies, and customized services to support the high-quality development and rapid growth of the manufacturing industry in Huangpu.

These measures include the precise implementation of tax incentives, cross-regional joint service enforcement, support for new financing methods, assistance for the export of manufacturing products, and swift policy rewards. 

With the implementation of these measures, manufacturing enterprises will be able to enjoy more benefits. Additionally, the measures support green development by offering tax exemptions for the purchase of environmentally friendly and energy-saving equipment. There will also be tax reductions for enterprises that are engaged in environmental protection and energy-saving projects.

Furthermore, these measures will expedite the processing of export tax refunds for manufacturing companies, providing support for their expansion into international markets. These measures are designed to alleviate the burden on manufacturing enterprises and promote the integrated development of the Guangdong-Hong Kong-Macao Greater Bay Area.

A staff member of the Huangpu district tax bureau introduces the 10 new measures.

A view of the LGDisplay factory.