China Education Technology Inc
CEDT is a Guangzhou based Hi-tech Company dedicated to develop lab experiment products which are specially designed to meet the new standard of China's education reform.
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China Education Technology granted tax breaks by Ministry of Science and TEchnology
China Education Technology Inc. (OTC: CEDT), a Chinese leader in school lab experiment products, today announced that it has been verified as a High-Tech Company by the Ministry of Science and Technology of China and State Administration of Taxation, entitling it to a tax deduction of 10 percent from the 15 to 25 percent standard rate.
Under the tax breaks, if CEDT's expense on the development of new technology increases by more than 10 percent a year, its taxable income will be reduced by 50 percent.
