FIEs under the "encouraged" category in the western region that enjoy the "two-year exemption and three-year reduction by half" tax concession are eligible for enterprise income tax at the reduced rate of 15% for three more years following the expiration of the said concession. FIEs recognised as high-tech or export-oriented enterprises with an export value amounting to over 70% of their annual output value in the current year are eligible for a 50% reduction of enterprise income tax during this three-year period, however the reduced tax rate cannot be below 10%.