Guangxi's "two highs and one low" companies are not eligible for tax benefits

During the “Twelfth Five-Year Plan” period, the local tax departments in Guangxi actively implemented taxation policies that supported the adjustment and revitalization of key industries, encouraged independent innovation, energy conservation and emission reduction, and promoted Guangxi’s economic restructuring. For the “two highs and one low” enterprise income tax with overcapacity, a monthly prepayment will be implemented, and the situation of enjoying preferential taxation will be fully cleared. All industries and enterprises that are not in line with the current national policy encouragement shall stop implementing the preferential corporate income tax policy, real estate tax, and urban land use tax.

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