Jiangling Motors Corporation Ltd. (000550.SZ), a leading carmaker in China, announced on Friday that it has been identified as a high and new technology enterprise (HNTE) by the People's government of east China's Jiangxi province.
According to a notification to the company, its qualification as a HNTE will remain effective from September 25, 2015 until September 24, 2018. In the period, JMC will pay corporate income tax at a preferential tax rate of 15 percent.
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