Weichai Heavy Machinery recently announced that according to the relevant provisions of the high-tech enterprise certification, the company will be recognized as a high-tech enterprise through procedures such as company declaration, local preliminary examination, and expert review. The publicity will begin on November 30, 2010. The publicity period is 15 working days.
As of the announcement date, Weichai Heavy Machinery has not yet received the written confirmation from the relevant department. The company will continue to pay attention to the follow-up progress of the matter and will promptly disclose the relevant confirmation documents.
Weichai Heavy Machinery currently implements a 25% income tax rate. According to the relevant regulations, within 3 years after an enterprise has obtained the qualification of a high-tech enterprise, the income tax shall be levied at a rate of 15%, and relevant preferential policies shall be enjoyed as prescribed. Weichai Heavy Machinery Chongqing Branch currently enjoys preferential tax policies for Western Development and applies a 15% income tax rate. After the company is recognized as a high-tech enterprise, Chongqing Branch will still implement a 15% income tax rate and enjoy relevant regulations as required. Preferential policies.
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