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ENCOURAGE
INVESTMENT POLICY
Preferential
Treatment to Foreign-Invested Enterprises
1.The foreign-invested
processing type of enterprises which schedule to operate over 10
years can be waved from income tax during the first two profitable
years.A further 50% reduction shall be granted from the following
third year to the fifth year.The income tax should be 15% during
the normal years.
2.After the tax-free and tax-reduced years regulated by the nation's
taxation law,the export-oriented enterprises shall pay its 10% income
tax if its export values accounts for more than 70% of the total
output value in that year.
3.Technologically advanced enterprises shall pay the tax at a reduced
rate of 10% for an additional three years if they remain to be technically
advanced enterprises after tax-free and tax-reduced years.
4.Foreign investors,who reinvest the share of profit earned from
their enterprises to increase their registered capital or in other
enterprises locally,for a period of 5 years or more,may obtain a
refund of 40% of the income tax already levied on the reinvested
amount upon approval by the taxation authorities.Those who reinvest
their profit earnings to establish or expand export-oriented or
technologically advanced enterprises shall receive a full refund
of income tax previously paid on the reinvested amount.The refunded
tax shall be returned to the authorities if the reinvested enterprises
withdraw within 5 years.
5.After-tax profits to be remitted by foreign investors abroad will
be exempted from income tax.
6.The newly established foreign-invested enterprises with total
investment of over US$3 million(including US$3million)which sell
self-made products and have paid VAT can get a refund of the VAT
kept by the local finance authorities by Green Industrial Park for
3 years.
7.The newly-established or purchased housing property by the foreign-funded
enterprises will get a refund of the property tax by the Green Industrial
Park for three years since the following month of the completion
or purchasing.
8.Three of the foreign investors' relatives can be the permanent
residents of Yingkou Development Zone free of charge.
Preferential Treatment
to Domestic Investors
1.The newly-invested
processing type of domestic enterprises whose operation period is
over 10 years will be awarded the same amount as the income tax
paid by the enterprises kept by the local finance authorities for
the first and second year,50% of the income tax kept by the local
finance authorities will be awarded to the enterprises from the
third year to the fifth year.
2.The depreciation period of the enterprises in the area can be
the shortest regulated by the State upon being approved by the tax
authorities on the basis of paying tax no less than the tax paid
in the year before:
1)Houses, buildings, 20 years
2)Machines, machinery and other production equipment, 10 years
3)After approval,the production equipment,tool and furniture and
etc.used by high-tech enterprises,can continue to shorten depreciation
period between 10-20% on the basts of the shortest depreciation
period regulated above.
3.The technology transferring income of the science and research
institutions or private-owned science and technology enterprises
can be waved from business tax after being approved by the tax authorities.
4.The newly-formed processing type of domestic enterprises which
have paid VAT will get an award of 60% of the VAT kept by the local
finance authorities in the first year, 50%, in the second year,and
40%, in the third year.
5.High-tech enterprises established by the various colleges and
universities, by the science and research institution and by the
Other enterprises, which develop new products and have paid VAT.
can get a 100% refund kept by the local finance authorities as an
award during the first 3 years, and 50%, from the fourth year to
the sixth year.
6.The housing property tax paid by the domestic enterprises when
they build or purchase the new housing property shall be refunded
to the enterprises by Green Industrial Park for 3 years. The self-utilized
housing property tax paid by the high & new tech enterprises
shall be refunded by Industrial Park for 5 years starting from following
month of the purchasing or completion.
7.In the Industrial Park, all the technically-reformed enterprises
conforming to the national industrial policies, 40% of domestically-made
equipment used in the project according to the relevant regulations
can be compensated from the enterprises income tax. The term can
not be longer than 5 years.
8.Since the profitable year, the income tax of newly-built public
utility enterprises will be exempted for the first year. A further
reduction shall be granted in the second year.
Other Preferential Treatment:
1.Based on the original land transferring price US$18 per square
meter, the price in Green Industrial Park has been adjusted to US
$15 per square meter, and in Metallurgical & Chemical Industrial
Park, US $ 9 per square meter.
2.The land transferring fee and payment terms can be one case, one
negotiation if the land is used by the electronic industry, high
& new tech industry, world top 500 both home and abroad,and
the project with over US $10 million investment (including US $10
million).
3.The Industrial Parks are fee free areas and the enterprise can
be approved by one-stop station. All the relevant administrative
and operational fees will be exempted during the construction and
examination period.
4.The Industrial Parks are managed centrally and all the fees are
collected unitedly. All the relevant units and institutions can
not supervise, examine and collect fees without permission of the
Administrative Committee.
5.Security and permanent citizenship are managed centrally by Public
Security Bureau inside of industrial parks. The employee who has
worked over one year can obtain the permanent citizenship free of
charge.
6.The investors' children can enjoy the local citizen's treatment
for the enrollment in the nearest schools and Kindergartens without
additional charges.
7.Fund Assurance Center for Small and Medium Sized Enterprises has
been set up in Yingkou Development Zone, which gives financial support
to enterprises in the Industrial Parks that conform to certain conditions.
Please consult with this policy if the previous one does not conform
to this one. It can be interpreted by BOFTEC BYQ.
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