The following income is exempted from, or reduced of, the income tax

对下列所得，免征、减征所得税

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Profits remitted abroad by foreign investors were exempted from income tax.

外国投资者汇往国外的利润免征所得税。

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The legislation exempted these special-purpose companies from corporate income tax if certain criterion were met.

该法规定，那些特殊目的公司在满足特定条件的情况下可以免交企业所得税。

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However, taxpayers should note that Code Sec. 1411 is to follow normal income tax rules (i.e. rules that a tax lawyer or accountant might refer to as tax rules under chapter one of the Internal Revenue Code), so for ease of calculation, what is exempted from the regular income tax, such as tax-exempted mutual bonds, are also excluded from the NII sum.

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