1 Foreign-funded enterprises producing products for direct export, with the exception of the products not allowed to be exported, shall be eligible for an exemption or reduction or drawback in accordance with the relevant provisions of the Tax Law. 2 Production foreign-funded enterprises with an operational period of more than 10 years shall be exempt from corporate income tax for the first 2 years and to be taxed by half of the required rate between the 3rd and the 5th year from the year when they start to make profits. Those acknowledged as enterprises possessing advanced technology are granted a reduction of corporate income tax by half for 3 more years at a tax rate of not less than 10%. 3 Export-oriented enterprises, whose current year exports exceed 70% of their total industrial output value, are eligible for a reduction of corporate income tax by half at a tax rate of not less than 10% in the current year. 4 Foreign-funded enterprises, which are engaged in agriculture, forestry or animal husbandry and are established in remote undeveloped counties (cities), with their applications verified by local revenue department and reported level by level to the competent taxation authority dominated by the State Council for approval, shall be eligible for a reduced corporate income tax rate of 15% to 30% in the following 10 years. 5 Foreign-funded enterprises, which are engaged in selling computer software developed by themselves, shall be envied the VAT (Value Added Tax) at a rate of 17% which is stipulated by the Law, of which the part exceeding 6% of the actual tax would be reimbursed at the moment it is paid.