1. The following income of an enterprise is tax-free income: (1) debt interest income; (two) dividends, bonuses and other equity investment income between qualified resident enterprises; (3) A non-resident enterprise establishes an institution or place in China, and obtains dividends, bonuses and other equity investment income actually related to the institution or place from the resident enterprise; (4) Income of qualified non-profit organizations. 2. Enterprise income tax may be exempted or reduced for the following incomes of enterprises: (1) income from engaging in agriculture, forestry, animal husbandry and fishery projects; (two) the investment and operating income of public infrastructure projects supported by the state; (three) income from engaging in qualified environmental protection, energy saving and water saving projects; (4) Income from qualified technology transfer; (5) Income as stipulated in the third paragraph of Article 3 of this Law.

Legal objectivity:

Article 27 of the Enterprise Income Tax Law of People's Republic of China (PRC) may exempt or reduce the enterprise income tax on the following incomes: (1) income from agricultural, forestry, animal husbandry and fishery projects; (two) the investment and operating income of public infrastructure projects supported by the state; (three) income from engaging in qualified environmental protection, energy saving and water saving projects; (4) Income from qualified technology transfer; (5) Income as stipulated in the third paragraph of Article 3 of this Law.