The Ministry of Finance released on May 12, 2021 the Announcement about Corporate Income Tax Exemptions for Companies Producing and Assembling Special Products for Injured and Disabled Persons.
From January 1, 2021 to December 31, 2023, resident companies will not have to pay corporate income tax if they meet five conditions. These conditions include that they produce and assemble special products for injured and disabled, and the products are listed in the Catalogue of Special Products for Injured and Disabled Persons in China; they are mainly engaged in the production or sale of these products, and sales revenue of the products (Excluding export revenue) accounts for at least 60% of total revenue. Eligible companies shall make applications to enjoy the preferential tax policies, and keep relevant documents for future examination.