What requirements are in place to be eligible for tax incentive in Western region of China?

From January 1, 2011 to December 31, 2020, enterprises can enjoy a reduced corporate income tax at a rate of 15 percent, upon fulfilling the below criteria and being approved by the relevant tax office:

• Based in the western region (including, but not limited to, Chongqing, Sichuan, Yunnan, Guizhou, Shanxi, Ningxia provinces);
• Main operation is listed in the Catalogue of Encouraged Industries in Western regions; and
• Annual main operation revenue is more than 70 percent of the total revenue.