China Government – Hi-Tech Certification to Landcent

China Government – Hi-Tech Certification to Landcent

High and new technology enterprise – HNTE status

Landcent (China) Industrial & Development Co.Ltd was awarded the China Government Hi-Tech Certificate (High and new technology enterprise – HNTE status) in August 2015. This certificate is regarded as the highest certification for technology enterprises in China. The High and New Technology Enterprise (HNTE) program offers a 15 percent reduced tax rate for qualified companies that apply for and receive HNTE status, regardless of the company’s investment type and where the company is headquartered. The Regulations of the People’s Republic of China on the Implementation of the Enterprise Income Tax Law, was passed at the 197th standing meeting of the State Council on November 28, 2007, and enforced from January 1, 2008.

According to the Chinese Administrative Measures for Determination of High and New Tech Enterprises and the Guidelines for the Administration of the Recognition of Hi-tech Enterprises, only enterprises that have incessantly devoted to the research and development, as well as the transformation of technological achievements, have formed their own independent core intellectual property rights and are carrying out business activities on this basis can be recognized as National High and New Tech Enterprises in China.

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