Well, a joint venture means preferred treatment for the investors. A joint venture pays less income tax or even no income tax at all under certain conditions in the first five profit making years.
搞合资企业，投资者可以享受到优惠的待遇，合资企业头5个获利年度可以省缴所得税，在一些情况下，甚至完全不缴所得税。
A joint venture pays less income tax, or even no income tax at all under certain conditions in the first five profit-making years.
合资企业头5个获利年度可以少缴所得税，在某种条件下，甚至完全不缴所得税。
Article 2 the taxable income of a joint venture shall be the amount remaining from its gross income in a tax year after the costs, expenses and losses have been deducted.
第二条合营企业每一纳税年度的收入总额，减除成本、费用以及损失后的余额，为应纳税的所得额。
Article 2 the taxable income of a joint venture shall be the amount remaining from its gross income in a tax year after the costs, expenses and losses have been deducted.
第二条合营企业每一纳税年度的收入总额，减除成本、费用以及损失后的余额，为应纳税的所得额。
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