Weihai's tax services tailored to industry growth

The tax bureau of Huancui district, Weihai, Shandong province, is proactively providing targeted services to address the concerns and challenges faced by high-tech enterprises in the region. Through a combination of on-site visits, problem-solving, and policy implementation, the tax bureau is helping to boost the confidence and development of these enterprises.

One such enterprise that has benefited from the bureau's services is a solar cell research and production company located in Huancui district. The company's innovative technological achievements have been further fueled by the tax bureau's support.

Motivated by the preferential tax policies for high-tech enterprises and the full assistance of the tax department, the company has dedicated all its efforts to the development of new products.

To help enterprises grow stronger, the tax bureau of Huancui district has adopted a proactive service approach, providing targeted policy packages for high-tech enterprises. The bureau actively guides enterprises to enjoy tax benefits such as deductions for R&D expenses and preferential tax rates for high-tech enterprises, ensuring that they take full advantage of these policies. In 2023 alone, the company enjoyed about 1.15 million yuan ($158,218) in tax and fee reductions.

The Huancui district tax bureau's commitment to providing targeted services is a testament to its dedication to fostering a supportive environment for the development of high-tech enterprises in the region. By addressing the specific needs of these enterprises, it is helping to drive innovation and economic growth. (Edited by Yang Yingxue)