Policy Subjects

National-level and provincial-level technology enterprise incubators, university science parks, and nationally registered co-working spaces.

Policy Content

From January 1, 2019, to December 31, 2023, the self-used properties and land provided to incubating entities, either gratuitously or through rental or similar means, by national-level and provincial-level technology enterprise incubators, university science parks, and nationally registered co-working spaces, will be exempt from property tax and urban land use tax. The income obtained from providing incubation services to the incubating entities will be exempt from value-added tax.

Application Conditions

1. Incubation services refer to brokerage, leasing, research and technology development, information technology, and authentication consulting services provided to the incubating entities.
2. National-level and provincial-level technology enterprise incubators, university science parks, and nationally registered co-working spaces should separately account for their incubation service income.
3. The criteria and management measures for the recognition and management of national-level technology enterprise incubators, university science parks, and nationally registered co-working spaces will be issued by the State Council's departments of science and technology and education. The criteria and management measures for the recognition and management of provincial-level technology enterprise incubators and university science parks will be issued by the provincial-level departments of science and technology and education.
4. Incubating entities refer to incubating enterprises, entrepreneurial teams, and individuals that meet the above-mentioned criteria and management measures.

Policy Basis

1. "Notice on Tax Policies for Technology Enterprise Incubators, University Science Parks, and Co-working Spaces" (Cai Shui [2018] No. 120) jointly issued by the Ministry of Finance, State Administration of Taxation, Ministry of Science and Technology, and Ministry of Education.
2. "Announcement on Extending the Implementation Period of Some Tax Preferential Policies" (Cai Shui [2022] No. 4) issued by the Ministry of Finance and State Administration of Taxation