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LIBP Co., Ltd. successfully passed thequalification review for High and New Tech Enterprise

Post Time:2013-02-07 [Large Middle Small] View:

Lanzhou Institute of Biological Products Co., Ltd. (LIBP) actively implemented the work for passing the qualification review for High and New Tech Enterprise in 2012. Through determination conducted by Gansu Provincial Science and Technology Department, Finance Department, Gansu National Taxation Bureau and Local Taxation Bureau, and assessment conducted by Ministry of Science and Technology, LIBP successfully passed the review. Jan. 31, 2013, in the Working Conference of Technology, Gansu, the leaders with the provincial government granted the Certificate of High and New Tech Enterprise, which jointly issued by Gansu Provincial Science and Technology Department, Finance Department, Gansu National Taxation Bureau and Local Taxation Bureau, to LIBP.
Passing the qualification review for High and New Tech Enterprise means a lot to LIBP in further consolidating its position in the industry. According to relevant regulations, such as Administrative Measures for Determination of High and New Tech Enterprises, the Law of the Peoples Republic of China on Enterprise Income Tax and Regulations for the Implementation of the P.R.C. Enterprise Income Tax Law, the company which has been determined as high and new tech enterprise will enjoy preferential taxation policy in next three years (2012 - 2014), and that will be helpful for the company to enhance its profitability. [Reported by LIBP Co., Ltd.]